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
website
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.

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Buyer(S) 1

Buyer

XL Group

Hamilton, Bermuda

website

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) 3 of 4
Type (Add-on Acquisition) 2 of 3
Country (Bermuda) 1 of 1
Year (2015) 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

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