XL's takeover of Catlin confirmed
The businesses have agreed to a deal worth £2.79bn.
XL has agreed the terms of its cash and share acquisition of Catlin Group.
Bermuda-based Catlin said that according to the agreement XL Group will buy 100% of the company for £2.79bn.
Lloyd's insurer Catlin confirmed XL's initial takeover bid in December last year.
Opportunity
Mike McGavick, chief executive officer of XL, said: "We are delighted to announce this compelling combination which positions us strongly to provide more - and even better - answers for the world's most complex risks while
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