Move for Biggest Underwriter

Daily PostOctober 31, 2006

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Summary


INSURER Catlin Group said yesterday it had agreed to buy a smaller rival in a bid to create the biggest underwriter on the Lloyd's of London insurance market.

Bermuda-based Catlin will pay pounds 591m for Wellington Underwriting as part of an attempt to boost the company's expansion plans in the US.

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Move for Biggest Underwriter

The deal will create a major international proper...

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