Mayur graduated from the Wharton School at the University of Pennsylvania in 1997 with concentrations in Actuarial Science and Corporate Finance.
Between 1997 and 1999 he worked as an analyst in the Financial Institutions M&A group at Solomon Smith Barney, involved in various insurance transactions relating to private equity and strategic acquirers.
He joined Greenwich Street Capital Partners (‘GSC’) in New York in 1999 as an Associate working for their Private Equity/Distressed Debt fund.
In 2001, he moved to London to help establish GSC’s European Mezzanine operations. He moved back to New York in 2006 as Managing Director of the Structured Finance Group at GSC.
Between 1999 and 2006, Mayur was actively involved in the management of Dukes Place Holdings Ltd, a vehicle set up by GSC in 1998 to acquire non-life insurance/reinsurance companies in run-off. He was 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.
He joined JC Flowers & Co. in London in 2007 as Vice President within their financial services private equity funds. He joined Catalina in April 2009 to lead its acquisitions in the non-life insurance/reinsurance run-off sector globally.
Mayur was a non-executive director of Stonewall Insurance Company and Cavell Insurance, and Chairman of the Board of Directors of Cirrus Reinsurance Company Ltd. He was a 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, he led the sale of all Dukes Place investments to Enstar Group Limited.