Betaville

Catlin snippet

Here is an interesting snippet on XL Group's £2.7 billion takeover of Lloyd's of London insurer Catlin.

Catlin is registered in Bermuda - which means it doesn't have to adhere to the Takeover Panel's "Code" - but if you look at the "implementation agreement" section of last week's deal announcement you will that the Lloyd's of London insurer and XL Group have agreed to "observe and comply" with the provisions of the Panel's rules.

In case you missed it, I have pasted the key paragraphs below:..