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25 February 2018

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Catalina wins exclusivity in Zurich legacy disposal

Catrin Shi 20 September 2017

Zurich has awarded exclusivity to Catalina over the sale of its EUR400mn ($480mn) German medical malpractice legacy book, The Insurance Insider can reveal.

The legacy acquirer is the last party standing in a bidding war that lasted the best part of four months, having beat off competition from Swiss Re in the final round.

There has been huge interest in the book, which holds around EUR400mn of net reserves, since Zurich enlisted KPMG to advise on the process in May...

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