Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re’s wholly owned subsidiary OX Reinsurance Company Limited (OX Re), from Tawa plc, following then approval received from the UK Prudential Regulation Authority.
Catalina first announced the agreement to acquire the runoff vehicles last September.
“The final acquisition consideration of $30.2 million has been satisfied from Catalina’s cash at hand and a senior debt facility provided by RBS Group plc, said the announcement.
Source: Catalina Holdings
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Former Broker, Co-Defendant Sentenced to 20 Years in Fraudulent ACA Sign-Ups 
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows 
World’s Growing Civil Unrest Has an Insurance Sting 
US Supreme Court Rejects Trump’s Global Tariffs 
