Catalina creates new M&A, reinsurance post to drive US growth

Bermuda-based Catalina Holdings has appointed Parri Spector director of mergers and acquisitions (M&A) and reinsurance transactions.

In the newly created role, Spector will focus on developing Catalina’s business in the US by capturing opportunities presented by continued active deal flow. He will be located in Catalina’s New York office and will work closely with the Catalina group M&A team.

Spector has over 20 years of insurance M&A and capital markets experience, including his most recent role at SunTrust Robinson Humphrey, where he was managing director, investment banking and head of insurance M&A. Prior to this, Spector worked for Keefe, Bruyette & Woods as managing director in the firm’s insurance investment banking group. Spector has worked closely with Catalina on a number of successful US transactions in recent years.

Mayur Patel, head of M&A and reinsurance transactions at Catalina said: “Catalina has a well-established platform in the US successfully completing 10 transactions to date, employing 60 team members across four US offices and currently owning five regulated US insurance companies.

"We continue to see active deal flow in the US and with Parri’s insurance and transaction experience, we believe we will be able to accelerate the growth of Catalina’s US platform. Parri’s appointment signifies the importance of the US run-off market to Catalina’s continued success and we are very excited to have him join Catalina.”

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