Hashtag: #XLCatlin
XL Ratings Affirmed Following Catlin Acquisition
A.M. Best has removed from under review with negative implications and affirmed the financial strength rating [FSR] of A [Excellent] and the issuer credit ratings [ICR] of “a+” of the ongoing property/casualty [P/C] subsidiaries of XL Group plc, based on the recent announcement that XL has closed on the acquisition of Catlin Group Limited. A statement... Read more of this article
XL Group Completes Acquisition Of Catlin Group
XL Group plc has completed the acquisition of Catlin Group Limited following the parties’ previously announced entry into an agreement on January 9, 2015 to acquire all of the capital stock of Catlin to form a combined business . The closing of the transaction follows the receipt of all necessary regulatory approvals, Catlin shareholder approval,... Read more of this article
XL Group To Buy Catlin Group For $4.1 Billion
XL Group today [Jan 9] announced that it has entered into an agreement under which XL will offer to acquire all of the capital stock of Bermuda-based Catlin Group Limited to form a combined business to be known as XL Catlin, with the deal worth approximately $4.1 billion dollars. The transaction is structured as a scheme of arrangement and is expected... Read more of this article
XL Confirm “Preliminary Discussions” With Catlin
Following reports they made a $3.9 billion offer to buy Catlin Group, XL Group today [Dec 17] confirmed that it is “engaged in preliminary discussions with Catlin regarding a potential transaction to acquire the company and form a combined entity.” Bloomberg reported that Catlin Group Ltd. said it received a takeover approach from XL valued... Read more of this article
