Catalina

The legacy carrier is understood to be looking for a replacement with public sector experience.

The board strengthening follows Catalina's agreement last year to buy Asia Capital Re

The agency will no longer rate the company following the deal.

The live carrier will cease writing business with immediate effect and become a platform for the legacy acquirer's Asian run-off expansion.

If the deal is finalised, the largest reinsurer in Singapore would go into run-off.

Business was quietly placed up for sale with Credit Suisse advising in H1.

The reinsurer's shares rose more than 9 percent on news of the board rejecting the offer.

The legacy acquirer said the funding should accelerate research and improve patient outcomes.

Premia and a consortium made up of Compre and Hudson Structured are understood to be the final two suitors.

The executive joins after nearly a decade at the Bermuda carrier's legacy peer.

Armour, Darag and Fortitude are among the parties linked with the process who are not in the second round.

As activist investor Voce Capital Management becomes the carrier’s fourth-largest shareholder, this publication explores what incentive the investor has to push for a sale.