A releasable latch system used to releasably couple a surface casing to a conductor casing. A latch assembly for coupling a first tubular to a second tubular includes a mandrel having a plurality of key slots; a housing for receiving the mandrel; a plurality of keys radially movable into engagement or out of engagement with a respective key slot; a collet configured to engage the housing and a respective key; and a retainer ring configured to hold the plurality of keys in engagement with the respective key slot.