Catalina to Acquire SPARTA

Catalina plans to place some of the business into run off, and to transfer SPARTA’s alternative market business to Arch Insurance Co. under a separate renewal rights agreement.

INN Breaking News, March 25, 2014

Jennifer Morrell

Catalina Holdings (Bermuda) Ltd. has entered an agreement to acquire SPARTA Insurance Holdings Inc. Following the closing of the transaction, Catalina plans to place some of the business into run off, and to transfer SPARTA's alternative market business to Arch Insurance Co. under a separate renewal rights agreement. SPARTA predominantly focuses on specialty program and risk transfer alternatives in the United States.

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