November 2011

CFO / COO of Glacier Reinsurance AG (“Glacier Re”) appointed

Hamilton, Bermuda - Catalina Holdings (Bermuda) Ltd (“Catalina”) 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 that was acquired this year.

Martin 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.Chris Fagan, Chairman and Chief Executive of Catalina said:

"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."

Thinking of selling?

If you are thinking of selling your run-off, contact Mayur Patel, Head of M&A or Chris Fagan, Chief Executive.
T: +44 207 265 5059

T: +1 441 294 6355

Use Catalina to generate value
through run-off

Selling to Catalina allows businesses to refocus on core activities, unlock capital, reduce costs and have a clean exit from liabilities.

Catalina is:
  • focused on non-life run off
  • proven in the industry
  • well established
  • regulated internationally