Non-life insurance/reinsurance liabilities in run-off in Europe and the US are now estimated to be around $625bn. A tiny fraction of this has been bought, sold or re-insured. This represents a significant addressable market opportunity for the continued long term expansion of Catalina’s business.
Estimated Run-off Liabilities in the US and Europe*
Total: c.$625 billion
- *PwC Global Insurance Survey 2018
Constant creation of legacy liabilities
- Companies going into run-off as a result of large losses
- Insurers exiting business lines or geographies for various strategic, operational and capital reasons