Catalina Completes Transfer of NationsBuilders Construction Liabilities in Run-off

Catalina Holdings (Bermuda) Ltd. announced that, following receipt of regulatory approvals from the Bermuda Monetary Authority and the District of Columbia Department of Insurance, Securities and Banking, it has completed the transfer of residential construction liabilities in run-off from NationsBuilders Insurance Company.

Catalina said the “portfolio of U.S residential construction liabilities was transferred via a novation to Catalina’s wholly owned Bermuda subsidiary, Catalina General Insurance Ltd.

Source: Catalina Holdings