Catalina Appoints Kauer To Glacier Roles
Bermuda’s Catalina Holdings Ltd. has appointed Martin Kauer to the joint roles of Chief Financial Officer and Chief Operating Officer [CFO/COO] of Glacier Re, its Swiss-based reinsurance company in run-off, which it acquired this year.
Mr. Kauer has more than 25 years of experience as CFO/COO in the financial services industry and as an investment banker.
He is a Swiss national and immediately before joining Catalina was the driving force behind the growth of Linq Asia Capital AG in Zurich.
Prior to that he spent seven years at Zurich Re/Converium Holding Ltd, as CFO and member of the Global Executive Committee, helping to integrate ZFS’ then reinsurance operations into Zurich Re that was spun off as Converium in 2001 with a dual listing at the NYSE and the SIX Swiss Exchange.
Glacier Re was established in 2004 and wrote a diversified book of predominantly short-tail reinsurance until it was put into run-off in August 2010.
Catalina chairman and Chief Executive Chris Fagan explained: “Glacier Re is an important short-tail acquisition for Catalina so effective early execution of our operating plan is very important. We are confident that under Martin’s stewardship this will be achieved. With Martin’s experience we are also well placed to expand our business in Continental Europe.”
Backed by significant blue chip investors, Bermuda-based Catalina is a holding company which acquires insurance and reinsurance companies in a run-off. Catalina has subsidiaries in Bermuda, the US, UK and Ireland.
