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Report: Catalina strikes $400M legacy deal with Arch Capital

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Report: Catalina strikes $400M legacy deal with Arch Capital

Arch Capital Group Ltd. has agreed to transfer about $400 million of reserves to Catalina Holdings (Bermuda) Ltd., The Insurance Insider reported, citing "legal sources."

The legacy deal involves liabilities related to Arch Capital's portfolio of casualty insurance business written out of Bermuda, according to the report.