Debevoise Serves as U.S. Counsel to Catlin Group Limited in £2.79 Billion Sale to XL Group plc

9 January 2015
Debevoise & Plimpton LLP is acting as U.S. counsel to Catlin Group Limited (“Catlin”) in its agreement with XL Group plc (“XL”) under which XL will offer to acquire all of the capital stock of Catlin for approximately £2.79 billion. The combined business is expected to have a leading presence in the global specialty insurance and reinsurance markets.

Catlin, domiciled in Bermuda and listed on the London Stock Exchange, is an international specialist property/casualty insurer and reinsurer that underwrites worldwide through six underwriting hubs. XL Group plc, domiciled in Ireland and listed on the New York Stock Exchange and the Bermuda Stock Exchange, is a global insurance and reinsurance business providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises on a worldwide basis.

The Debevoise team is led by partner Nicholas F. Potter and includes partners Alexander R. Cochran, Gary M. Friedman, Ethan T. James and Vadim Mahmoudov and associates Samuel M. Duncan and Susan E. Moser.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.