Money to transfer to shareholders on 15 May
Lloyd’s insurer Catlin delisted from the London Stock Exchange this morning following the completion of its takeover by global insurance group XL.
The scheme of arrangement for the £2.79bn acquisition has now become effective.
Under the deal, Catlin shareholders will receive 388p in cash and 0.130 new XL shares in return for each of their Catlin shares.
The issue and trading of the new XL shares on the Bermuda and New York stock exchanges will take place today, while payment of the cash portion of the deal will take place on 15 May.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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