Catalina Completes Acquisition of KX Re from Tawa plc

Catalina Holdings (Bermuda) Ltd announced that it has completed its acquisition of KX Reinsurance Company Limited, including its Re’s wholly owned subsidiary OX Reinsurance Company Limited (OX Re), from Tawa plc, following then approval received from the UK Prudential Regulation Authority.

Catalina first announced the agreement to acquire the runoff vehicles last September.

“The final acquisition consideration of $30.2 million has been satisfied from Catalina’s cash at hand and a senior debt facility provided by RBS Group plc, said the announcement.

Source: Catalina Holdings