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xl catlin merger

XL CEO Mike McGavick commented: "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. Sep 12, 2018. published at 2:50 PM CEST. To satisfy the U.K. market practice of transactions being "funds certain," XL has put in place a bridge facility to backstop the funding of the cash elements of the consideration. September 14, 2018 By Margaret Grisdela. Domiciled in Bermuda and listed on the London Stock Exchange, Catlin has owned and managed the largest Lloyd's syndicate since 2000. NEW YORK, Dec. 13, 2016 /PRNewswire/ -- Preparing to capitalize on Merger & Acquisition (M&A) activity in 2017, XL Catlin continues to build out its … AXA XL is the name of the new Property & Casualty and specialty risk division of AXA. Connect with Margaret Grisdela on LinkedIn. Bermuda-based insurer and reinsurer XL Group Ltd.'s shareholders have approved its merger plan with France-based Axa S.A., Bernews reported. About XL Group Ltd. XL Group Ltd (NYSE:XL), through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance … Coyle joins Entercom from XL Catlin, where he served as Vice President of Human Resources for their Global Technology organization. Helping Insurance Defense Law Firms Get on Insurance Panels. The webcast will be available at http://www.XLGroup.com and will be archived on XL's website from approximately 10:30 a.m. Eastern Time on Friday, January 9, 2015, through midnight Eastern Time on Monday, February 9, 2015. Under the terms of the transaction, XL will acquire all of Catlin's common shares for consideration of 388 pence in cash and 0.130 share of XL for each Catlin common share. These operate on a funds withheld basis. AXA today announced that it has completed the acquisition of XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Lloyd’s, Europe, and Asia-Pacific. XL expects to issue approximately $1.8 billion of new XL shares in connection with the acquisition. Under Rule 8 of the Code, a "dealing disclosure" would contain details of the "dealing" concerned and of the person's interests and short positions in, and rights to subscribe for, any "relevant securities" of (i) Catlin and (ii) any "securities exchange offeror", save to the extent that these details have previously been disclosed under Rule 8. AXA XL helps you take your business further. As a result, XL Catlin will be better equipped to serve its clients across a range of distribution channels and geographies with an enhanced suite of capabilities and products.". If your insurance defense law firm is asking how you can get on more insurance panels, give us a call. Neither Catlin nor XL undertakes any obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Any decision in respect of, or in response to, the Offer should be made only on the basis of the information in the Circular and the Prospectus. Insurance defense law firms that are XL Catlin panel counsel members will want to stay close to their claims contacts to monitor news on the merger and any reorganization plans. In addition, Catlin shareholders will receive a 22p final dividend to be paid in Q1 2015. NEW YORK, Aug. 9, 2018 /PRNewswire/ -- XL Catlin insurance operations has recently added Naveed Khalidi and Michelle Jensen to its roster of Mergers and Acquisitions (M&A) insurance underwriters. 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