Catalina Holdings (Bermuda) Ltd. announced that, following receipt of regulatory approvals from the Bermuda Monetary Authority and the District of Columbia Department of Insurance, Securities and Banking, it has completed the transfer of residential construction liabilities in run-off from NationsBuilders Insurance Company.
Catalina said the “portfolio of U.S residential construction liabilities was transferred via a novation to Catalina’s wholly owned Bermuda subsidiary, Catalina General Insurance Ltd.
Source: Catalina Holdings
Topics Construction
Was this article valuable?
Here are more articles you may enjoy.
NYC Mayor Mamdani Widens Delivery-App Crackdown With Lost-Pay Lawsuit 
Florida OIR Triples the Size of Citizens’ Rate Decrease 
Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon 
Commercial Lines Market Overall Remains Firm, Says Ivans 
