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