Catalina wins $166mn PSIC workers' comp book

Catalina has beaten rivals Sirius and Armour to take over a book
of mostly workers' compensation liabilities held by Public
Service Insurance Company (PSIC), which a court in Chicago put
under state control in March.
It is understood that while Catalina has emerged as the victor
in the bidding war, the deal is yet to be finalised.
It will be structured as a loss portfolio transfer (LPT),
according to a notice issued to potential bidders and a court
filing. Catalina...