Catalina to buy Hartford U.K. property & casualty run-off subsidiaries
The Hartford has agreed to sell its U.K. property & casualty run-off subsidiaries, Downlands Liability Management Ltd and Hartford Financial Products International Limited, to Catalina Holdings UK Ltd. Financial terms weren’t announced. Catalina is backed by Apollo Global Management, Ontario Teachers’ Pension Plan and Caisse de depot et placement du Quebec. Barclays advised the Hartford while the company’s legal advisor is Freshfields Bruckhaus Deringer LLP, and PricewaterhouseCoopers LLP provided other advisory services.
26 July 2016•4 mins read
