Catalina Holdings, an industry leader in the insurance legacy retrospective space, has appointed two new CEO’s to support its growing business.
Loh Wei-Lyn has been appointed CEO of Asia and Luann Petrellis has been appointed CEO of the US.
Wei-Lyn assumed the CEO role of Asia on 16 May, 2022 from Martin Kauer upon his retirement.
Wei-Lyn was the Chief Corporate Officer prior to her last held role as Chief Operating Officer under Catalina for Asia. Within this role, she was responsible for enhancing the internal organization processes and infrastructure in the day-to-day operations while also supporting the company’s strategy and objectives.
At the same time, Wei-Lyn has over 20 years of headquarters and regional management experience across public and private sectors and will work with Malcolm Steingold to seek new opportunities in the Asian market.
Addressing her new role, Wei-Lyn, said: “Asia is a key growth region for Catalina, and I am privileged to be able lead an experienced and competent team in Singapore with Malcolm to chart the path for Catalina Asia as a leading retrospective transactions provider for Asia, Middle East and Australasia.”
In addition, Petrellis who joined Catalina on 11 July, 2022, takes over the role from Amy Gallent who will be retiring later in the year.
Petrellis most recently served as an Independent Industry advisor and consultant, with a particular focus on insurance restructuring legislation in the US market.
Prior to that, she served in numerous roles with leading insurance companies managing their legacy liabilities, and she has also previously been involved in transactions for all lines of business to significantly achieve operational efficiencies, make more efficient use of capital and give economic finality to cedents.
Petrellis, commented: “I am excited to be joining Catalina and already feel part of the team. Catalina has an exciting future, and I am thrilled to be a part of the Group. My recent experience in the changing face of regulation and legislation in the US will bring new opportunities for Catalina, ones that I hope we can work with cedent partners on together.”
Ian Parker, Catalina’s Group Chief Executive Officer, added: “We are thrilled to announce the internal promotion of Wei-Lyn as the CEO of Asia. Her drive and knowledge of the company will be invaluable. Amy has been a fantastic leader of our U.S. companies and we wish her all the best for the future.
“Bringing someone of Luann’s reputation, knowledge and expertise into Catalina was not one to be missed and we are excited to have her on board. The fact we can attract someone like Luann demonstrates the exciting future ahead.
“Together they will work with the rest of the Executive Team to execute the strategy agreed by the board and shareholders Apollo and RenaissanceRe. The team at Catalina is a very strong one, and I am proud to lead them.”