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.
No comments:
Post a Comment