Lloyd's insurer Catlin to set up $1bn Swiss reinsurance arm
Catlin plans to form a reinsurance company in Switzerland to "significantly expand the European-based reinsurance business underwritten by the group," it said today.
Catlin has applied to the Swiss Financial Market Supervisory Authority to establish Catlin Re Switzerland.
Subject to regulatory approval, Catlin Re Switzerland will have capital of at least US$1bn
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