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.
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
