Legacy space specialist Catalina Holdings has announced the appointment of Derrick Irby to the position of group Chief Financial Officer.
Irby will be based in Bermuda and starts his new position on May 1.
He has 22 years of experience advising and leading the finance activities of re/insurers, including managing finance operations, structuring re/insurance and capital markets transactions, strategic investments, mergers and acquisitions and related integration activities.
His most recent role was Head of Finance, P&C Insurance & Reinsurance at AXA XL.
Prior to this, he held progressively more senior financial and leadership roles in the reinsurance division of XL and its acquired companies.
Irby will oversee Catalina’s finance function, helping to develop the business across its multiple geographies.
He is replacing Chris Fleming, who has been with Catalina since its first acquisition of OPRe in 2005.
Commenting on the appointment, Chris Fagan, Chief Executive of Catalina Holdings said, “I am delighted that Derrick has chosen to join Catalina.
“He has extensive experience as a senior finance professional in insurance and reinsurance, including in the public markets, and will play an important role as we prepare Catalina for its next phase of development.
“I would like to express my thanks to Chris Fleming who has been with Catalina since our acquisition of OpRe. He has made a significant contribution to Catalina’s development and has been an important member of the senior team.”
Irby added, “I am pleased to join Catalina at this exciting time for the business. I look forward to working with Chris, the management team and the board of directors helping to execute the business’ strategy by capitalising on the significant opportunities present in the legacy space.”
