1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Bermuda >
  5. XL Group Acquires Catlin Group

M&A Deal Summary

XL Group Acquires Catlin Group

On May 1, 2015, XL Group acquired insurance company Catlin Group for 4.1B USD

Acquisition Highlights
  • This is XL Group’s 3rd transaction in the Insurance sector.
  • This is XL Group’s largest (disclosed) transaction.
  • This is XL Group’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2015-05-01
Target Catlin Group
Sector Insurance
Buyer(s) XL Group
Deal Type Add-on Acquisition
Deal Value 4.1B USD
Advisor(s) Evercore Group
Barclays Investment Bank
J.P. Morgan Securities (Financial)

Target

Catlin Group

Hamilton, Bermuda
Catlin Group Ltd. is a specialty insurance and reinsurance provider . Areas of expertise include Marine, Professional Indemnity, Aviation, Energy, and Industrial. Catlin's property catastrophe reinsurance and marine businesses are viewed as 'Best in Class' at Lloyd's.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

XL Group

Hamilton, Bermuda
Category Company
Founded 1986
Sector Insurance
Employees7,304
Revenue 11.3B USD (2017)
DESCRIPTION

XL Group plc is a insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.

DEAL STATS #
Overall 4 of 6
Sector: Insurance M&A 3 of 4
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Bermuda M&A 1 of 1
Year: 2015 M&A 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 XL Life Reinsurance

Bermuda

XL Life Reinsurance (SAC) Ltd offers life reinsurance services.

Sell $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-29 New Energy Risk

Menlo Park, California, United States

New Energy Risk, Inc. is a provider of innovative data analytics, strategic consulting and financial risk transfer solutions to the renewable energy industry worldwide.

Buy -
Mergr

Solution for

Product

Company

Legal