A spokesperson at Catlin Group Limited’s London office said that the “possible offer” to purchase Catlin made by XL Group, as announced on December 17, was still ongoing, and that no final agreement has yet been reached.
The only statement Catlin has made “still stands,” he said. This indicates that the reports, in the Sunday Times and elsewhere, that a definitive agreement has been concluded, are premature, and that it could be several weeks before a further announcement is made.
The source also contradicted reports that Founder and CEO Stephen Catlin is planning to retire.
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers 
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’ 
