Catalina to take on $190mn Samsung US legacy book

Catalina has agreed to transfer a $190mn portfolio of US legacy
liabilities from the US branch of Samsung Fire & Marine
Insurance to its Alea subsidiary.
The portfolio consists mainly of US general liability,
workers' compensation, auto liability and property. As at 31
December, it had gross insurance liabilities of $190mn.
The transfer is subject to regulatory approval and is expected
to close in the fourth quarter.
Catalina also recently beat rivals Sirius and Armour to take
over a book...