CATALINA WORTHING INSURANCE LIMITED

1. CATALINA WORTHING INSURANCE LIMITED 2017-06-15 → present
2. HARTFORD FINANCIAL PRODUCTS INTERNATIONAL LIMITED 2006-11-01 → 2017-06-15
3. TREEBAY LIMITED 2006-10-13 → 2006-11-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The Company has been in run-off since 2012.”
• “In 2018, the Catalina Group and Zurich Insurance plc ("Zurich") signed a definitive agreement under which Zurich's UK Employers' Liability policies for 2006 and prior will be transferred to Catalina in two stages. The first stage has completed, so at present, these policies are reinsured from Zurich to Catalina General Insurance Ltd.”
• “The second stage of the transaction involves a Part VII transfer of these insurance liabilities into CWIL, accompanied by a quota share retrocession from CWIL to CatGen. The Part VII transfer into CWIL is subject to necessary regulatory approvals and the approval of the UK High Court. This transfer is expected to be completed within the next twelve months from the date of approval of the financial statements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  -93.3%

  £89,000 → £6,000

• Net earned premiums

  0%

  £41,000 → £41,000

• Profit before tax

  -96.1%

  -£20,027,000 → -£39,276,000

• Equity

  -21.9%

  £179,422,000 → £140,099,000

• Claims incurred

  -15.3%

  £22,268,000 → £18,854,000

• Insurance contract liabilities

  +0.1%

  £465,206,000 → £465,770,000

• Investment return

  -155.8%

  £14,533,000 → -£8,113,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers