Castelnau Group Share News (CGL)
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** Shares in life insurer Phoenix Group rise as much as 3.7 pct to a year-high after industry heavyweight Aviva said it could gobble up one of Phoenix's main rivals, Friends Life, at a 15 pct premium to its share price. ** Deal valuation gives Phoenix a lift. ** Canaccord Genuity ana
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Lloyd's of London insurer Catlin is to manage a reinsurance syndicate created by China Re. Catlin said China Re had received approval from Lloyd's to transform its existing special purpose syndicate into a stand-alone syndicate known as 2088 that will underwrite a diversified book of business, initi
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