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XL-Catlin form top tier reinsurer in $4.1bn deal


XL Group has finalised a deal that sees it buy Catlin for $4.1 billion. The new entity, to be known as XL Catlin, will boast some $10 billion of total net premiums, more than $3 billion of net reinsurance premiums and make it one of the ten biggest reinsurance groups globally.

XL, Catlin, Mike McGavick, Europe, Bermuda

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