run-off News

Catalina Buys Hartford Financial Products Int’l, Downlands Liability Management

Catalina Holdings (Bermuda) Ltd. announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of Hartford Financial Products International Ltd. and Downlands Liability Management Ltd. from The Hartford Financial Services Group Inc. The acquisition of HFPI …

R&Q Acquires Captive Insurer from Fortune 500 Engine Manufacturer

Randall & Quilter Investment Holdings Ltd. (R&Q) announced the acquisition of ICDC Ltd., a captive insurer of an American Fortune 500 company, for an undisclosed sum. The name of the former parent of the captive was not released. The company, …

Compre Buys Re/Insurance Run-Off of UK Branch of AG Insurance

Compre, the London-based legacy specialist, announced it has agreed to acquire all of the insurance and reinsurance business in run-off of the UK branch of AG Insurance SA for an undisclosed sum. The transaction is structured as a loss portfolio …

Randall & Quilter Acquires Captive Insurer Clariant Insurance AG

R&Q Insurance (Malta) Ltd. (R&Q) announced it has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG. Clariant Insurance, or CI, was formed in 2005 as the Liechtenstein registered captive insurer for the Swiss …

R&Q Completes Novation with Captive Owned by Coca-Cola Bottlers’ Assoc.

Randall & Quilter Investment Holdings Ltd. announced the novation of reinsurance policies issued between 2002 and 2016 by Georgia Atlantic Insurance Ltd. (GAIL) for workers’ compensation, general liability, auto liability and auto property damages. GAIL is a wholly owned, Bermuda-based …

Enstar Launches Bermuda Specialty Reinsurer KaylaRe; Packer Appointed CEO

Enstar Group Ltd. has launched KaylaRe Ltd., a Bermuda-based Class 4 reinsurer, offering a diversified range of specialty reinsurance to the global insurance market. KaylaRe launches with initial capital of $620 million, backed by a $300 million investment from Enstar; …

Randall & Quilter Forms Run-Off Arrangement for Law Society of Ireland’s PI Fund

Randall & Quilter Investment Holdings Ltd. has entered into an arrangement with the Law Society of Ireland in respect of the run-off obligations of the Solicitors Mutual Defence Fund (SMDF). SMDF was established in 1987 as a mutual fund to …

Catalina Completes Acquisition of Allianz Unit, AGF Insurance, in UK

Catalina Holdings (Bermuda) Ltd.* announced that its wholly owned subsidiary, Catalina Holdings UK Ltd., has completed its acquisition of AGF Insurance Ltd. from a subsidiary of Allianz SE, following approval from the Prudential Regulation Authority, the UK insurance regulator. AGF …

Correction: Catalina to Buy Hartford Financial Products International & Downlands Liability Management

(Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International & Downlands Liability Management.” Insurance Journal regrets the omission.) Catalina Holdings (Bermuda) Ltd. announced its wholly …

Catalina to Buy Hartford Financial Products International & Downlands Liability Management

(Editor’s Note: The original version of this article published yesterday, July 26, omitted “International” from the headline “Catalina to Buy Hartford Financial Products International & Downlands Liability Management.” Insurance Journal regrets the omission.) Catalina Holdings (Bermuda) Ltd. announced its wholly …