XL Group Confirms Preliminary Talks With Catlin Group On Potential Transaction

(RTTNews) - Noting the announcement made by Catlin Group Limited this morning, XL Group plc (XL) confirmed that it is engaged in preliminary discussions with Catlin (CGL.L) regarding a potential transaction to acquire the company and form a combined entity.

The transaction would require approval by the Boards of Directors of each company and would be subject to various shareholder and regulatory approvals and completion of diligence. There can be no assurance that a transaction will result from these discussions, nor can there be any certainty as to the terms on which any such transaction might proceed.

XL noted that it does not intend to comment further at this stage and any further statements will be made if and when appropriate.