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Insurer XL Group to buy Britain's Catlin for 2.79 bln stg
2015年1月9日 / 上午10点43分 / 3 年前

Insurer XL Group to buy Britain's Catlin for 2.79 bln stg

Jan 9 (Reuters) - 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. ($1 = 0.6612 pounds) (Reporting by Richa Naidu in Bengaluru; Editing by Savio D‘Souza)

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