Insurer XL Group to buy Britain’s Catlin for 2.79B
by
LONDONJan 10, 2015 - 12:00 am GMT+3
by
Jan 10, 2015 12:00 am
Bermuda-based insurer XL Group Plc will pay about 2.79 billion pounds ($4.22 billion) for Catlin Group Ltd, operator of the biggest syndicate in the Lloyd's of London insurance market. Catlin, which provides insurance for everything from flooding to kidnapping, would pay investors a 22 pence final dividend, the companies said in a joint statement. The British underwriter had said in December that it would not pay a final dividend when it announced an approach worth 2.53 billion pounds from XL Group.
About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.