New leadership at Catalina: ex-Munich Re executive steps in

Bermuda-based Catalina Holdings has named a new chief executive officer to succeed Ian Parker, who is retiring.

Philipp Waldstein (pictured), who has been serving as group chief investment officer (CIO), will become CEO of Catalina. 

Waldstein joined Catalina in 2020 and has been serving as group CIO and a member of the executive management team since. 

Catalina said he has been instrumental in driving the company’s strategic pivot into annuity reinsurance through the partnership with Athene and has transformed its investment division.

Waldstein has over 35 years of experience in the insurance asset management and banking industry. Prior to joining Catalina, he served as CIO and later CEO of MEAG, the international asset manager for Munich Re Group. He also served as chairman of the board of MEAG New York and MEAG Hong Kong.

Manfred Puffer, chairman of Catalina’s board of directors, said: “Given his extensive experience and proven success at Catalina, Philipp is best placed to support the value creation for Catalina's stakeholders. On behalf of Catalina's Board of Directors, I am delighted to support Philipp's appointment as Group CEO."

“During his tenure, Ian successfully led the change in strategic direction from non-life to life insurance. We wish him all the best in his retirement," the company said.

Waldstein commented: "I am honoured to be taking on this new role and look forward to working with the talented team at Catalina to continue driving the company's growth and success.

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