Catalina Holdings News

Zurich to Shift $2B of UK Legacy Employers’ Liability Policies to Catalina

Zurich Insurance plc has entered into an agreement with Catalina, a specialist acquirer of legacy insurance portfolios, to transfer its pre-2007 UK legacy employers’ liability policies to Catalina. As of December 31, 2017, the portfolio comprised gross liabilities of USD$2 …

Catalina Completes Marine Liabilities Reinsurance Deal with Delta Lloyd

Bermuda-based Catalina Holdings announced that, following receipt of regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA), it has completed its reinsurance transaction with Delta Lloyd under which a portfolio of marine insurance liabilities in run off will be …

Catalina to Assume NationsBuilders’ Residential Liabilities, Claims Facility

NationsBuilders Insurance Co. will transfer its residential construction liabilities totaling $76,250,000 to Catalina Holdings (Bermuda) Ltd. under a novation agreement announced today. Also, as part of the transaction, Catalina, a consolidator in the non-life insurance/reinsurance run-off sector, will acquire the …

Catalina Holdings to Acquire SPARTA Insurance in Connecticut

Catalina Holdings Ltd., a Bermuda-based consolidator in the non-life run-off sector, announced it has agreed to acquire SPARTA Insurance Holdings, a property/casualty underwriting company in Hartford, Conn. Following the closing of the transaction, Catalina plans to place some of SPARTA’s …

Catalina Completes Acquisition of KX Re from Tawa plc

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 …

Catalina Holdings Acquiring Two Insurance Operations from HSBC

Catalina Holdings (Bermuda) Ltd. announced that it has signed a definitive agreement to acquire two legacy businesses, HSBC Reinsurance Limited and HSBC Insurance (Ireland) Limited from HSBC Holdings plc, “subject only to regulatory approval from the Central Bank of Ireland. …

Catalina Holdings (Bermuda) Completes Residential Loss Control Acquisition

Catalina Holdings (Bermuda) Ltd announced that following regulatory approval from the Colorado and Hawaii Departments of Insurance, it has completed the acquisition of Residential Loss Control Holdings, LLC (RLCH), which owns two risk retention groups, National Home Insurance Company (NHIC) …

Bermuda’s Catalina Holdings to Acquire Residential Loss Control Holdings

Catalina Holdings (Bermuda) Ltd. has announced that its wholly owned subsidiary, Catalina Echo Limited, signed a definitive merger agreement on August 22, 2011 to acquire Residential Loss Control Holdings, LLC (RLCH). Catalina specilizes in offering “finality and immediate capital release” …

Catalina Completes Acquisition of Glacier Re

Catalina Holdings (Bermuda) Ltd. announced that, following consent from FINMA, the Swiss Financial Markets Supervisory Authority, it has completed the acquisition of Glacier Reinsurance AG, the Swiss-based reinsurance company in run-off. The bulletin noted that Glacier Re, established in 2004, …