Insure The Box sales clears the way for XL takeover of Catlin
Catlin’s sale of Box Innovation Group to Aioi Nissay Dowa clears the way for its own acquisition by XL, although shareholders may need to be placated according to analysts.
The London market insurer this week agreed to sell its stake in the telematics specialist, which trades as Insure The Box, to the Japanese insurer for £85m.
Catlin confirmed last week that it had
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