Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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RenRe confirms Catalina minority investment deal

  • Adam McNestrie and Ted Bunker 19 January 2018
  • RenaissanceRe has agreed to make a minority investment in legacy specialist Catalina, confirming an earlier report by The Insurance Insider, as it continues to diversify beyond P&C reinsurance.

    New York-listed RenRe said late today that it would become a minority investor in the business, alongside investment giant Apollo which is acquiring a majority stake and the management team led by Catalina CEO Chris Fagan.

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

    "This transaction is consistent...

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