XL Catlin to redomicile to Bermuda

XL Group has today (29 February) announced its intention to move
its domicile from Ireland to Bermuda, after the island was
confirmed to be Solvency II-equivalent last year.
CEO Mike McGavick said the decision was a "natural
step" given a significant proportion of XL's business and
its largest operating subsidiary were already located on the
island.
He also noted that the Bermuda Monetary Authority (BMA)'s
regime was recently endorsed as being fully equivalent to Solvency
II by the European Unio