Friday, November 11, 2016

Catalina Completes Marine Liabilities Reinsurance address Delta Lloyd



Bermuda-based totally Catalina Holdings introduced 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 reinsured by means of Catalina’s entirely owned Swiss subsidiary, Glacier Re.
Catalina stated its “general property seasoned forma for this transaction, the currently introduced reinsurance transaction with NationsBuilders coverage employer and the acquisition of SPARTA, may be in excess of $three billion.
Catalina Holdings is a long time consolidator in the non-lifestyles coverage/reinsurance run-off region. It was hooked up in 2005 to attention entirely on the acquisition and management of non-lifestyles insurance/reinsurance companies in run-off.

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