The Bermuda-based Catlin Group Limited said that under the terms of a 2 for 5 Rights Issue, announced on February 12, 2009, valid acceptances have been received in respect of 98.68 percent of the total number of New Common Shares offered to shareholders.
The Rights Issue was fully underwritten by J.P. Morgan Securities Ltd. on behalf of J.P. Morgan Cazenove and UBS Limited.
Source: Catlin group – www.catlin.com
Insurance news headlines delivered to your email.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
