A qualified accountant with considerable experience in the insurance and financial services industries

Between 1985 and 1992, established, built and successfully sold BCF Holdings Limited, a private financial services business

Spent 5 years between 1993 and 1998 with Sedgwick Group PLC, initially as Finance Director for its London non-marine broking operations and subsequently as Managing Director of Sedgwick Europe and Chief Executive for Latin America

Joined Murray Lawrence & Partners (at that time, the largest Lloyd’s managing agency) in 1998 as Chief Operating Officer. Whilst at Murray Lawrence, Chris was instrumental in reversing that business into Angerstein PLC to form Amlin PLC, a FTSE 250 company

Joined Goshawk Insurance Holdings PLC as Finance Director in 1999 when, as a listed Lloyd’s managing agency, it had a market capitalisation of £35 million. Subsequently became Chief Executive in June 2002 following the resignation of Goshawk’s active underwriter at Lloyd’s. Built Goshawk into a business with a market capitalisation of in excess of £200 million, including establishing Goshawk Re as a class 4 reinsurer in Bermuda after the 9/11 attacks in the US

Chris then spent 2 years researching the non-life insurance and reinsurance run-off sector reviewing a variety of transactions before establishing and becoming Chairman and Chief Executive Officer of Catalina Holdings Ltd with equity capital backing from Royal Bank Investments and Nikko Principal Investments. Catalina Holdings Ltd acquired reinsurer Overseas Partners Re Ltd from its parent Overseas Partners Ltd for $170.5 million in September 2005 and the reinsurance business was renamed Catalina Reinsurance Ltd.

Started his career as an actuary in Australia in the areas of non-life insurance and reinsurance actuarial consulting and structured finance

Spent several years as a Principal for W M Mercer providing claims reserving and premium rating advice to many of Australia’s largest insurers.

Moved to London in 1994 and spent several years in the structured finance operations of a number of investment banks including Hambros and Societe Generale, with a focus on structured tax based risk transfer transactions. This work included the development and arrangement of leveraged leases, cross-border leases, structured preference shares and contingent debt.

For the past 4 years, has worked as a consulting actuary providing reinsurance structuring, modelling and arranging services to insurers and reinsurers. For the most part, this work has focused on the analysis of books of long-tail business and the development of reinsurance strategies to transfer risk and to act as an alternative to equity capital. Dean is particularly familiar with accident and health risks, employer’s liability and workers compensation business, professional liability business, residual value guarantee risk and trade credit and political risk classes.

Has worked with Chris Fagan for the last two years and is Chief Actuary of Catalina Reinsurance Ltd

Fellow of the Institute of Actuaries and a General Representative of the UK Financial Services Authority.

Holds a degree in actuarial studies from Australia’s Macquarie University

Graduated from the University of Manchester in 1993

Joined KPMG Peat Marwick in Manchester, qualifying as a chartered accountant in 1996

Transferred from KPMG in Manchester to KPMG in Bermuda in September 1997, where he specialised in the audit of reinsurance companies

Joined Overseas Partners Re Ltd from KPMG Bermuda in June 1999 where he was Chief Accounting Officer and a member of the senior management team that completed the successful run-off of Overseas Partners Re, returning over $1 billion to shareholders over a four year period

Joined Catalina Reinsurance Ltd in June 2006 as Chief Financial Officer

Member of the Institute of Chartered Accountants of England and Wales

Graduated in Law from Cambridge University in 1988 before attending the College of Law in Guildford

Joined Herbert Smith in 1990, qualifying as a Solicitor of the Supreme Court of England and Wales in 1992

18 years of experience providing legal services to the insurance and reinsurance industry in the UK, Europe and Bermuda, latterly focusing on legacy business and the run-off acquisition sector

Spent 9 years as a Partner in the Insurance and Reinsurance industry group of Mayer, Brown, Rowe & Maw LLP

Acted for Catalina Holdings Ltd in relation to the acquisition of Overseas Partners Re Ltd from Overseas Partners Ltd in 2005

Acted for Bears Stearns International in relation to the acquisition of the Minster Group of companies from French insurer Groupama SA in 2006/2007

Joined Catalina Holdings (Bermuda)Ltd as General Counsel in October 2007

Honours graduate of Williams College in American Studies in 1973 and earned a Master of International Affairs and Finance from Columbia University in 1975, where he was the Managing Editor of the Journal of International Affairs Joined Irving Trust Company where he spent 11 years working in New York, Tokyo and Miami managing FX and money market trading operations, eventually returning to New York to set up Irving’s interest rate derivative operations.

Moved to Union Bank of Switzerland in 1986 to manage their derivative products business in Asia, based in Tokyo. In 1993, moved to London to join the bank’s Global Structured Products group which was headquartered there. Through 1997, he was mainly involved in structured and tax arbitrage for the bank’s account, arranging several landmark transactions including one, involving Italian Postal bonds, which made the Economist Magazine’s short list of financial deals of all time. In 1998, following the merger with Swiss Bank Corporation, was selected to set up the London office of the Principal Finance and Credit Arbitrage business where he devised the market’s first managed synthetic CDO program (styled “North Street”) in 2000, and then subsequently a Euro based one (styled “Brooklands”) in 2001, for which he served as Commitments Committee Chairman (effectively CIO) of the EUR 3 billion program. In 2003, returned to the US for UBS after a total of 17 years abroad to assist in managing the global reference linked notes programs which at that time totalled $27 billion.

After taking early retirement from the UBS group in early 2007, performed a series of consultancy assignments relating to structuring and asset management, the last of which being for Catalina Holdings (Bermuda) Ltd commencing in early January 2009. Formally joined Catalina Holdings (Bermuda) Ltd as Chief Investment Officer in April 2009.

Graduated from the Wharton School at the University of Pennsylvania in 1997 with concentrations in Actuarial Science and Corporate Finance. Between 1997 and 1999 worked as an analyst in the Financial Institutions M&A group at Solomon Smith Barney, involved in various insurance transactions involving private equity and strategic acquirers. During 1999, joined Greenwich Street Capital Partners (“GSC”) in New York as an Associate working for their Private Equity/Distressed Debt fund. In 2001, moved to London to help establish GSC’s European Mezzanine operations. Moved back to New York in 2006 as Managing Director of the Structured Finance Group at GSC. Joined J.C. Flowers & Co. in London in 2007 as Vice President within their financial services private equity funds. Joined Catalina in April 2009 to lead its acquisition efforts in the non-life insurance/reinsurance run-off sector globally.

 

Between 1999 and 2006, was actively involved in the management of Dukes Place Holdings Ltd. (“Dukes Place”), a vehicle set up by GSC in 1998 to acquire non-life insurance/reinsurance companies in run-off. Involved in the acquisition by Dukes Place of Stonewall Insurance Company from Great American Insurance Company in 2000, and led the acquisitions of Norwich Winterthur Reinsurance Company (renamed Cavell Insurance) from Norwich Union Holdings Ltd in 2003 and Cirrus Reinsurance Company Ltd. from Oslo Re in 2004. Non-executive director of Stonewall Insurance Company and Cavell Insurance, and Chairman of the Board of Directors of Cirrus Reinsurance Company Ltd. Also non-executive director of two other Dukes Place acquisitions – Unione Italiana Reinsurance Company (UK) Ltd and Seaton Insurance Company. The total assets of Dukes Place exceed $1.2 billion at its peak. In 2006, led the sale of all Dukes Place investments to Enstar Group Limited.

Graduated in 1970 from Hobart College (Geneva, NY) with a BA in economics.

Began his career with Reliance Insurance Company (Philadelphia, PA) in claims.

 

In 1978, joined the Scottish & York International Insurance Group (Princeton, NJ) as National Manager, Transportation Claims and later became Vice President and Chief Claims Officer.

 

Joined Berkshire Hathaway Group of Insurance Companies in 1986 as Vice President of its reinsurance division (Philadelphia/NYC), and later with additional responsibilities as claims Vice President of its newly established commercial casualty division (NYC).

 

From 1988 to 2004, worked with a number of Zurich Insurance Group related companies, two of which were jointly owned by Aon, including:

 

• Vice President and Chief Claims Officer of Centre Re (1988)

• Founder, President, CEO, director and Chairman of IRISC Inc., NJ, (1989 – 1998), a company specializing in managing runoffs and active accounts

• Founder and Chairman of Claims Management Group Ltd., London (1993 – 2003), a company specializing in management of London market and Lloyds syndicate runoffs

• Founder, Chairman and CEO of Risk Enterprise Management Ltd, NY, (1995 – 2004), a company founded to manage the runoff of the Home Insurance Company and other runoffs and active accounts

 

Also served as the Chairman and CEO of Home Insurance Company and USI Re, both after they were placed into runoff (1995 – 2003).

 

Joined Quanta Capital Holdings Ltd. (Bermuda) as President and CEO in 2006 after it placed its two US insurance companies, two Bermuda reinsurance companies and European company into runoff. There was also a Lloyd’s syndicate which remained active.

 

Joined Catalina in 2008 following its acquisition of Quanta Capital Holdings, with responsibility for management of the runoff of companies acquired by Catalina.

John graduated with a BA in Accounting and Finance in 1980 and joined British Aerospace as a Trainee Accountant. He completed the professional exams of the Chartered Institute of Management Accountants in 1982. He became the youngest Project Accountant in the Commercial Aircraft Division, before leaving to join AIG in Bermuda in 1983, where he served for 13 years in a variety of positions, mostly as head of the Offshore Management Services unit.

John was appointed Chief Financial Officer of IPC Holdings and IPCRe Limited in July 1996. IPC was a Bermuda-based reinsurance company, listed on NASDAQ and focusing on Property Catastrophe reinsurance, aviation, satellite, and other short-tail risks. At the time of his appointment, IPC had shareholders’ funds of approximately $400 million, and assets of $500 million. By the time of its acquisition by Validus Holdings in September 2009, it had shareholders’ funds of over $1.8 billion. John served as Chief Executive Officer and President of IPC from July 2009, during which time he oversaw the sale of the company to Validus and was instrumental in its initial integration, until his departure at the end of 2009.

John joined Catalina as Chief Financial Officer in April 2010. He is a Fellow of the Chartered Institute of Management Accountants.

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