Catalina Appoints Bruce Hemphill, Thomas Sorell

January 11, 2020 | 0 Comments

Catalina Holdings [Bermuda] Ltd announced the appointments of Bruce Hemphill and Thomas Sorell as two new Non-Executive Directors [NEDs] to its Board. The roles are effective from December 2019.

Bruce Hemphill, who was the CEO of Old Mutual PLC, brings significant financial services expertise and experience. This includes leading a FTSE 100 company working with governments, regulators, shareholders, bondholders and the media across international markets and jurisdictions. His previous board experience includes Chairman of Old Mutual Wealth 2016-17 and Non-Executive Director at Nedbank 2015-18.

Thomas Sorell joins Catalina’s Board as an Independent Non-Executive Director, bringing over 30 years of investment management experience within the insurance industry. Currently Chief Investment Officer at New York based Guardian Life Insurance Company, one of the largest mutual life insurance companies in the United States with $73.9bn assets under management, Sorell will relinquish this role in February, while remaining as an executive of the firm until December 2020. He will join Caroline Foulger and Jacques Bonneau, Catalina’s two existing Independent Non-Executive Directors.

Chris Fagan, Chief Executive of Catalina said: “I am delighted to welcome Tom and Bruce to the Board as Non-Executive Directors.

“Both heavyweights in the insurance industry, they bring valuable experience, broadening our board expertise, strengthening our governance, and enriching our board discussion as we continue to pursue opportunities and consolidate our position as an industry leader in the growing international insurance legacy market.”

Thomas Sorell added: “I’m delighted to be joining the Catalina Board at what is a very exciting time for the firm. Enjoying strong momentum from recent high-profile deals and last year’s successful equity raise, Catalina is well positioned to capitalise on the significant opportunities currently present in the legacy space.”

Bruce Hemphill comments: “The insurance legacy space is one of the most interesting and fast evolving areas of the insurance market. As one of the leading firms operating in this space, I’m pleased to be joining Catalina’s Board to advise them as they continue to pursue their ambitions.”

Catalina’s Bermuda reinsurance company, Catalina General Insurance Ltd, also recently strengthened its Board adding Rees Fletcher and James O’Shaughnessy as Independent Non-Executive Directors.

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