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
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.
All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.