Catalina Holdings (Bermuda) News

Legacy Specialist Catalina Holdings Completes Purchase of Asia Capital Reinsurance

Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-headquartered reinsurance business. Following regulatory approval from the Monetary Authority of Singapore and Bank Negara Malaysia, …

Legacy Specialist Catalina Holdings to Acquire Asia Capital Reinsurance Group

Catalina Holdings (Bermuda) Ltd., the legacy re/insurance specialist, has reached an in principle agreement to acquire Asia Capital Reinsurance Group Pte. Ltd. (ACR), a Singapore-based reinsurance business. The acquisition is expected to close in the first half of 2020, subject …

Catalina Holdings Appoints Ryland from Armour as Chief Executive of Catalina UK

Legacy acquisition firm Catalina Holdings (Bermuda) Ltd. announced the appointment of Steve Ryland as chief executive of Catalina UK. With over 30 years of insurance and reinsurance experience, Ryland joins the business from Armour where he was a member of …

Run-Off Firm Catalina Raises $700M, Forms Shareholder Restructure with Apollo, RenRe

Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has completed a US$700 million equity capital raise and concluded its shareholder restructuring after receiving regulatory approvals. As a result of this transaction, Apollo Global Management …

RenaissanceRe to Buy Minority Stake in Run-Off Firm Catalina Holdings

RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial terms. RenaissanceRe will pursue the investment through its subsidiary RenaissanceRe Ventures Ltd. …

Zurich to Transfer German Legacy Medical Practice Portfolio to Catalina

Zurich Insurance Group announced that its subsidiary Zurich Insurance plc has entered into an agreement with Catalina Insurance Ireland DAC (Catalina) to transfer its German legacy medical malpractice book to Catalina. The portfolio concerned represents reserves of approximately US$450 million …

Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management

Catalina Holdings (Bermuda) Ltd. announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of Hartford Financial Products International Ltd. and Downlands Liability Management Ltd. from The Hartford Financial Services Group Inc. The acquisition of HFPI …

Catalina Completes Acquisition of Allianz Unit, AGF Insurance, in UK

Catalina Holdings (Bermuda) Ltd.* announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of AGF Insurance Ltd. from a subsidiary of Allianz SE, following approval from the Prudential Regulation Authority, the UK insurance regulator. AGF …

Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management

(Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International & Downlands Liability Management.” Insurance Journal regrets the omission.) Catalina Holdings (Bermuda) Ltd. announced its wholly …

Catalina to Buy Hartford Financial Products International & Downlands Liability Management

(Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International & Downlands Liability Management.” Insurance Journal regrets the omission.) Catalina Holdings (Bermuda) Ltd. announced its wholly …