Hamilton, Bermuda - Catalina Holdings (Bermuda) Ltd (“Catalina”) has appointed Martin Kauer to the joint roles of Chief Financial Officer and Chief Operating Officer (CFO/COO) of Glacier Re, its Swiss-based reinsurance company in run-off that was acquired this year. Martin
Read moreTotal assets $168.4 million Gross reserves $113.7 million Net assets $19.4 million Catalina announced that its wholly owned subsidiary Catalina Echo Limited signed a definitive merger agreement on 22 August 2011 to acquire Residential Loss Control Holdings. RLCH owns two
Read moreTotal assets $1.2 billion Gross reserves $466 million Net assets $374 million Glacier Re, established in 2004 and based in Switzerland, wrote a diversified book of predominantly short tail reinsurance until it entered run-off in August 2010. As at 30
Read moreHamilton, Bermuda - Catalina Holdings (Bermuda) Ltd ("Catalina"), announces 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. Glacier Re, established in 2004,
Read moreHamilton, Bermuda - Catalina Holdings (Bermuda) Ltd. ("Catalina") announces that it signed a definitive share purchase agreement on 7th January 2011 to acquire Glacier Re, the Swiss based reinsurance company in run-off. Subject to Swiss regulatory approval from FINMA the
Read moreHamilton, Bermuda - Catalina Holdings (Bermuda) Ltd ("Catalina") announces that it has acquired Bermuda based Western General Insurance Ltd ("WestGen"). Catalina signed a definitive share purchase agreement ("SPA") on 22 June, and the acquisition completed on 19 July 2010 following
Read moreTotal assets $54 million Gross reserves $ Net assets $23 million Bermuda-based WestGen commenced trading in 1980 and wrote a combination of direct and reinsurance business until it was placed into run-off in January 2006. Its sale to Catalina was
Read moreTotal assets $447 million Gross reserves $ Net assets $92 million Alea UK was a property/casualty reinsurer in run off with assets of $446.5 million, total liabilities of $357.9 million and shareholders' equity of $88.6 million. Following the acquisition, Alea
Read moreThe acquisition of Alea UK completed on October 29, 2009 following the approval of the U.K. Financial Services Authority. Following the acquisition, Alea UK has changed its name to Catalina London Ltd
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