Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that exis...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Apr 25, 2020

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Company Details
Address: Cumberland House, Victoria Street
City: Hamilton
State: Bermuda
ZIP Code: HM 11
Phone Number: 441-294-6350
Website: http://www.catalinare.com/
Year Founded:
AM Best Rating:
Company Rating 0 (0 reviews)

Things to Remember...

  • Quanta Auto Insurance was acquired by Catalina Holdings in 2008
  • Catalina Holdings is a company that takes over and runs reinsurance companies and non-life insurance companies that are being liquidated
  • Catalina Holdings prefers to buy companies with assets in the range of $50 million to $500 million

All attempts to find information for this Quanta Auto Insurance review lead straight to Catalina Holdings Ltd., which acquired Quanta in 2008.

Catalina Holdings has several main locations. The official Catalina headquarters is located in Bermuda.

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The Catalina Holdings Ltd. Approach

Catalina Holdings is a company that takes over and runs reinsurance companies and non-life insurance companies that are being liquidated.

Catalina offers the owners of these businesses the option of having their company acquired outright or a partnership opportunity.

Catalina Holdings prefers to buy companies with assets in the range of $50 million to $500 million. Even though this is the preferred asset range of a company, Catalina Holdings is open to considering the acquisition of companies that do not fit perfectly in this range.

Next, Catalina Holdings takes a closer look at what and how much of its own company resources would be needed to fix the issues. The main goal of Catalina Holdings is to minimize the time commitment and any form of disruption to the business.

All in all, this process does not take very long, so the company hoping to be acquired receives a response from Catalina Holdings fairly quickly.

Catalina Holdings does not offer any type of personal or business insurance coverage. The company only provides reinsurance. Since Catalina Holdings does not provide property and casualty insurance, it does not offer auto insurance of any kind.

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References:

  1. http://www.catalinare.com/
  2. http://www.catalinare.com/contact-us.html
  3. https://en.wikipedia.org/wiki/General_insurance
  4. https://en.wikipedia.org/wiki/Business_acquisition
  5. http://www.investopedia.com/terms/a/acquisition.asp