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Catalina completes acquisition of UK employers' liability book from Allianz

Catalina Holdings (Bermuda) Ltd. wholly owned subsidiaryCatalina Holdings UK Ltd. completed the acquisition of AGF Insurance Ltd. from a unit ofAllianz Group, InsuranceJournal reported Oct. 11.

Catalina said it acquired AGF, a U.K.-regulatedinsurance company that wrote predominantly direct employers and publicliability insurance in Britain, using available resources.

AGF ceased writing new business and went intorun-off in 1999. It had total assets of £270 million, undiscounted grossreserves of £185 million and pro forma shareholder equity of £79 million as ofDec. 31, 2015.