Deal-Hungry XL Group Wins Over Rival Catlin With $4.2B Bid

By Karlee Weinmann · January 9, 2015, 1:06 PM EST

Bermuda-based insurer Catlin Group Ltd. said Friday it would merge with larger rival XL Group PLC in a tie-up worth £2.8 billion ($4.2 billion), creating a property and casualty powerhouse amid...

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