Chris Fagan, the founding CEO of Bermuda-based run-off acquirer
Catalina, has predicted more transactions this year after
announcing the purchase of HSBC's Irish legacy (re)insurers
HSBC Reinsurance Ltd and HSBC Insurance (Ireland) Ltd.
The sale of the two entities- with total assets of $273mn - will complete later this year subject to regulatory approval from the Central Bank of Ireland.
The (re)insurers predominantly wrote creditor, property, travel and motor business. HSBC Insurance (Ireland) Ltd was placed into run-off in June...
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