Hamilton, Bermuda – Catalina Holdings (Bermuda) Ltd (“Catalina”), an industry leader in the insurance legacy space, is pleased to announce the appointment of Philipp Waldstein to the position of Group Chief Investment Officer.

Philipp brings extensive experience of managing assets and investments of large reinsurance and insurance companies. Philipp’s most recent role was Chief Executive Officer of MEAG, the asset manager for Munich Re responsible for €297 billion AuM at year end 2019, and before that he was responsible for all global Portfolio Management activities of MEAG.

Prior to joining Munich Re Group, he held progressively senior financial and leadership roles most recently at UniCredit Milan, the global banking and financial services company, and prior to that for sixteen years at German based Hypovereinsbank.

Philipp will oversee Catalina’s Group investment function, helping to manage the business’ assets across multiple geographies. In particular, Philipp will use his experience to strengthen Catalina’s investment expertise as the business transitions into its next phase of growth and strategic development.

Philipp is replacing Peter Harnik who joined Catalina in 2011 and is now retiring.

Philipp’s appointment follows on from Catalina’s recent appointment of Derrick Irby to the position of Group Chief Financial Officer.

Commenting on the appointment Chris Fagan, Chief Executive of Catalina said: “I am delighted to welcome Philipp to Catalina. He is a senior and strategically important hire for the business. He has far reaching experience as an investment manager and will strengthen our investment team while also supporting us through Catalina’s next phase of development.

“I would like to express my thanks to Peter Harnik for helping to establish Catalina’s investment management capabilities and for many years of very good investment returns. We wish him well in retirement.”

Philipp Waldstein comments: “Catalina is an entrepreneurial yet established business and I am excited to embark on this new opportunity. I look forward to working with Chris and the investment team developing Catalina’s investment expertise, so that it can capitalise on the significant opportunities present in the legacy space.”

About Catalina Holdings (Bermuda) Ltd
Catalina Holdings (Bermuda) Ltd (“Catalina”) is a long-term consolidator in the non-life insurance/reinsurance run-off sector. Catalina was established in 2005 to focus solely on the acquisition and management of non-life insurance/reinsurance companies in run-off. Since its foundation, Catalina has acquired or reinsured $9bn of non-life insurance and reinsurance liabilities. Catalina has received approvals from Bermudian, Irish, Malaysian, Singaporean, Swiss, UK (PRA and FCA) and various US state insurance regulators for prior acquisitions and reinsurance transactions. Catalina operates from 11 global offices situated across the United States, Bermuda, Ireland, United Kingdom, Switzerland and Asia. For further details about Catalina’s acquisitions or its management team please refer to www.catalinare.com.

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