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24 November 2017

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Zurich confirms German med-mal legacy deal

Catrin Shi 7 November 2017

Zurich today confirmed it has entered an agreement with Catalina on transferring its German legacy medical malpractice book.

The Insurance Insider broke news of the deal in September, reporting that Zurich had awarded exclusivity to Catalina for the book, which held about $450mn of reserves as of 31 December 2016.

Zurich enlisted KPMG to run the process in May.

Catalina's Irish subsidiary, Catalina Insurance Ireland DAC, will take on the book. The deal is still subject to regulatory and court...


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