Insurance legacy space specialist Catalina Holdings has announced the appointment of Derrick Irby as group chief financial officer (CFO), effective 1 May 2020.
Based in Bermuda, Irby will oversee Catalina’s finance function, helping to develop the business across its multiple geographies. He succeeds Chris Fleming who has been with Catalina since its first acquisition of OpRe in 2005.
He brings 22 years’ experience advising and leading the finance activities of (re)insurance companies, including managing financial operations, restructuring (re)insurance and capital markets transactions, strategic investments, mergers and acquisitions and related integration activities.
Irby joins from AXA XL where he most recently served as head of finance P&C insurance and reinsurance. Prior to that, he held increasingly more senior financial and leadership roles in the reinsurance division of XL and its acquired companies.
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 shared: “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.”