Catalina wins exclusivity in Zurich legacy disposal

Zurich has awarded exclusivity to Catalina over the sale of its
EUR400mn ($480mn) German medical malpractice legacy book,
The Insurance Insider can reveal.
The legacy acquirer is the last party standing in a bidding war
thatlasted the best part of four months, having beat off
competition from Swiss Re in the final round.
There has been huge interest in the book, which holds around
EUR400mn of net reserves, since Zurichenlisted KPMG to advise on the process in May....