Catalina Holdings (Bermuda) Ltd. announced that, following receipt of regulatory approvals from the FINMA the Swiss financial regulator, it has completed its acquisition of Allianz Suisse Ruckversicherungs-Gesellschaft AG (Allianz Suisse Re) from Allianz SE.
Allianz Suisse Re will be renamed Catalina Reinsurance (Switzerland) Ltd.
Catalina noted that this is its “fourth transaction in Switzerland and eighteenth since the business was established in 2005.”
Source: Catalina Holdings (Bermuda) Ltd.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
World’s Growing Civil Unrest Has an Insurance Sting 
