XL Group Inks Deal To Acquire Catlin Group For $4.1 Billion

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XL Group Inks Deal To Acquire Catlin Group For $4.1 Billion

XL Group signed an agreement to acquire Catlin Group for approximately $4.1 billion to expand and strengthen its position in the global specialty and reinsurance markets.

“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 enhancing our opportunities to create value for shareholders and better serve clients and brokers, said Mike McGavick, CEO of XL Group.

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