Insurer Catlin Mulling $4B Offer From Deal-Hungry Rival XL

By Karlee Weinmann · December 17, 2014, 11:53 AM EST

Bermuda-based insurer Catlin Group Ltd. confirmed Wednesday that larger rival XL Group PLC leveled a cash-and-stock offer worth nearly £2.5 billion ($3.9 billion) in a bid to create an industry powerhouse...

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