Catalina Holdings (Bermuda) has completed its acquisition of a Swiss reinsurance company.

The deal was completed after approval by Swiss regulators for the takeover.

Catalina has bought Allianz Suisse Ruckversicherungs-Gesellschaft AG — Allianz Suisse Re — from Allianz SE.

Allianz Suisse Re will be renamed Catalina Reinsurance (Switzerland) Ltd.

This is Catalina’s fourth transaction in Switzerland and 18th since the business was established in 2005.