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Bermuda start up acquires Overseas Partners Re

Catalina Holdings, a newly established Bermuda based company this morning announced that it has signed a binding stock purchase agreement to acquire Overseas Partners Re from Overseas Partners. The acquisition is subject to Bermuda Monetary Authority approval.

Catalina was established by Chris Fagan and Marwyn Capital with equity provided by Nikko Principal Investments Limited and Royal Bank Investments Ltd and senior debt facilities provided by Barclays

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How should success of FCA’s response to Which be judged?

The effectiveness of the Financial Conduct Authority’s regulatory action in response to Which’s super-complaint about home and travel insurance is reflected in smoother claims handling, not in the number of reviews or fines, according to Claire Massey, founder of Claim Guardians.

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