What we do
Catalina Holdings (Bermuda) Ltd acquires and manages non-life insurance and
reinsurance companies and portfolios in run-off.
Catalina has made six acquisitions to date with average consideration in excess of $100 million.
See acquisitions.
We acquire companies and portfolios in well-regulated jurisdictions. Given the concentration of the insurance and reinsurance industry in certain countries, our geographical focus is in Bermuda, the US and UK and mainland Europe.
We offer owners of insurance and reinsurance companies and portfolios in run-off finality through outright acquisition. Alternatively, we consider co-venturing, profit sharing or partnership structures.
In acquiring a company or portfolio in run-off, we provide a clean exit for owners from existing and future liabilities and the release and redeployment of substantial and unproductive capital.
We are sensitive to the concerns of businesses selling insurance and reinsurance policies to a new owner. Catalina is committed to maintaining the good reputation of acquired entities.
Key facts
| Activity |
Buying and managing companies and portfolios in run-off |
| Based |
Bermuda |
| Shareholders equity |
$400 million |
| Regulated in |
UK, Switzerland, Bermuda and USA |
| Founded |
2005 |
| Acquisitions to date |
Residential Loss Control Holdings |
|
|
Glacier Reinsurance AG |
|
|
Western General Insurance Ltd |
|
|
Alea Holdings UK Ltd |
|
|
Quanta Capital |
|
|
Overseas Partners (the first acquisition, renamed Catalina Re Ltd) |
| Chief Executive |
Chris Fagan |
| Major Shareholders |
Caisse de Depot et Placement du Quebec |
|
|
Century Capital Management |
|
|
Nomura International |
|
|
Ontario Teachers' Pension Plan |
|
|
RBS Equity Finance |