ashurst: firm rates deal as evidence that us launch is beginning to pay offAshurst has blooded its US securities team on its first major IPO after advising insurer Catlin Group on both the UK and US law aspects of its £166m Stock Exchange float.

The deal, which was completed last month, values the company at about £540m, and attracted considerable interest from US investors. Catlin Group, is an international property and casualty insurer and reinsurer.