JDC TECHNICAL EVALUATION REPORT

Subject: Catalina & QNE – US Casualty Portfolio Finality

Reference: UID 6069

Market Authority: North American Run-off

Case Ref: CAT-QBE-US

Date: 04.05.2026

Status: Closed

Case Summary (Tier 4): Catalina Holdings successfully closes the acquisition of QBE’s legacy US casualty book, shoring up its North American run-off platform.

Case Detail (Tier 5): * The Anchor Deal: Catalina Holdings / QBE US Portfolio acquisition.

• Reserve Volume: Significant casualty legacy reserves.
• Operational Finality: Strategic pivot for QBE to refocus on current core casualty lines.
• Efficiency Metric: Operational consolidation within Catalina’s existing run-off engine.

Additional Comment:

N/A