Run-off carrier Catalina has struck a deal to acquire Allianz’s UK employers’ liability (EL) book holding £185mn ($266mn) of gross liabilities, The Insurance Insider can reveal.
AGF Insurance Limited, part of Allianz subsidiary AGF Holdings, went into run-off in 1999.
It predominately wrote direct EL business in the UK. As of 31 December 2015 it had total assets of £270mn, undiscounted gross reserves of £185mn and pro-forma shareholder equity of £79mn…Read more at Insurance Insider