Catalina Holdings (Bermuda) Ltd has named new chief executive officers for its US and Asia operations.

Loh Wei-Lyn has been named as CEO of Asia, replacing Martin Kauer who retired in May, while Luann Petrellis is the CEO of the US, taking over from Amy Gallent, who will be retiring later in the year.

Ms Loh was chief operating officer under Catalina for Asia and has held a number of roles with the company, which is an industry leader in the legacy reinsurance sector.

The company said: “She was responsible for enhancing the internal organisation processes and infrastructure in the day-to-day operations, while supporting the company’s strategy and objectives.

“Wei-Lyn has over 20 years of headquarters and regional management experience across public and private sectors and will work with Malcolm Steingold to seek new opportunities in the Asian market.”

Ms Petrellis joins Catalina today. Her most recent experience was as an independent industry advisor and consultant, with a particular focus on insurance restructuring legislation in the US market.

“Prior roles involved working with leading insurance companies managing their legacy liabilities and she has been involved in transactions for all lines of business to significantly achieve operational efficiencies, make more efficient use of capital and give economic finality to cedants,” the company said. “Prior to this, Luann held the role of managing director, Philadelphia, at PricewaterhouseCoopers.”

Ms Loh said: “Asia is a key growth region for Catalina and I am privileged to be able to lead an experienced and competent team in Singapore with Malcolm to chart the path for Catalina Asia as a leading retrospective transactions provider for Asia, the Middle East and Australasia.”

Ms Petrellis said: “I am excited to be joining Catalina and already feel part of the team. Catalina has an exciting future, and I am thrilled to be a part of the Group.

“My recent experience in the changing face of regulation and legislation in the US will bring new opportunities for Catalina, ones that I hope we can work with cedent partners on together.”

Ian Parker, Catalina’s Group chief executive officer, said: “We are thrilled to announce the internal promotion of Wei-Lyn as the CEO of Asia. Her drive and knowledge of the company will be invaluable. Amy has been a fantastic leader of our US companies and we wish her all the best for the future.

“Bringing someone of Luann’s reputation, knowledge and expertise into Catalina was not one to be missed and we are excited to have her on board. The fact we can attract someone like Luann demonstrates the exciting future ahead.

“Together they will work with the rest of the executive team to execute the strategy agreed by the board and shareholders Apollo and RenaissanceRe. The team at Catalina is a very strong one, and I am proud to lead them.”