Run Off

As the debate continues over the timeline for implementation of Solvency II consultancy firms KPMG has said the run-off sector should be pleased with new concessions in the scheme

Catalina Holdings (Bermuda) Ltd (Catalina), has announced it has received consent from FINMA, the Swiss Financial Markets Supervisory Authority, for the completion of its acquisition of Glacier Reinsurance AG, the Swiss-based reinsurance company which had been placed into run-off last year.

 

European Insurance group Ageas has entered into an agreement to transfer all of the run-off business of Intreinco N.V. (Intreinco), the former reinsurance captive of the Fortis Group, to Swiss Re.

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