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25 February 2018

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RenRe poised to buy minority stake in Catalina

Adam McNestrie 18 January 2018

RenaissanceRe is on the verge of making a minority investment in legacy specialist Catalina, as it continues to diversify beyond P&C reinsurance, The Insurance Insider can reveal.

Sources told this publication that the New York-listed (re)insurer was set to sign a deal this week that would make it a minority investor in the business, alongside investment giant Apollo and the management team led by Catalina CEO Chris Fagan.

The buy-in reflects mounting interest in the legacy market from live carriers...

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