M&A Deal Summary

Catalina Holdings Acquires PXRE Reinsurance

On November 4, 2014, Catalina Holdings acquired insurance company PXRE Reinsurance from Pro Global Insurance Solutions for 11M USD

Acquisition Highlights
  • This is Catalina Holdings’ 10th transaction in the Insurance sector.
  • This is Catalina Holdings’ 3rd largest (disclosed) transaction.
  • This is Catalina Holdings’ 3rd transaction in the United States.
  • This is Catalina Holdings’ 2nd transaction in Connecticut.

M&A Deal Summary
Date 2014-11-04
Target PXRE Reinsurance
Sector Insurance
Buyer(s) Catalina Holdings
Sellers(s) Pro Global Insurance Solutions
Deal Type Divestiture
Deal Value 11M USD

Target

PXRE Reinsurance

Norwalk, Connecticut, United States
PXRE Reinsurance Co. is a provider of reinsurance products and services.

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Buyer(S) 1

Buyer

Catalina Holdings

Hamilton, Bermuda
Category Company
Founded 2005
Sector Insurance
DESCRIPTION

Catalina Holdings is a Bermuda-based holding company that is licensed as a Class IV reinsurance company. Catalina Holdings was founded in 2005 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 10 of 16
Sector (Insurance) 10 of 16
Type (Divestiture) 3 of 8
State (Connecticut) 2 of 2
Country (United States) 3 of 4
Year (2014) 2 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-25 SPARTA Insurance Holdings

Hartford, Connecticut, United States

SPARTA Insurance Holdings, Inc. provides property and casualty insurance for specialty and alternative risk programs.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-17 Danielson Indemnity

Long Beach, California, United States

Danielson Indemnity Co. is a provider of insurance services.

Buy -

Seller(S) 1

SELLER

Pro Global Insurance Solutions

London, United Kingdom
Category Company
Founded 2001
Sector Insurance
Employees352
DESCRIPTION

Pro Global Insurance Solutions delivers market-wide third-party servicing capability and consultancy services covering the London company and Lloyd’s markets as well as Europe and the United States. Pro supports a number of the world’s largest insurance businesses.

DEAL STATS #
Overall 1 of 1
Sector (Insurance) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-16 KX Reinsurance

London, United Kingdom

KX Reinsurance Company Limited is a provider of property and casualty insurance products in London.

Buy -
Mergr

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