Bermuda-based run-off buyer Catalina buys KX Re

Money

London-based run-off buyer Tawa has sold one of its companies, KX Reinsurance, to Bermudian run-off buyer Catalina holdings for $30.2m (£19.7m).

The sale includes 100% of OX Reinsurance, which is wholl -owned by KX Re.

Tawa bought KX Re, previously known as Continental Management Services, in 2007.

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