May 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Honeywell close to securing Johnson Matthey catalyst unit in 1.8 billon STG deal

- Daniel Loeb's Third Point Investors in deal to create London-listed insurer

- UK weighs bill to wipe out debts British Steel owes to Chinese parent

- UK set to sign Chagos Islands deal with Mauritius

Overview

- U.S. industrial conglomerate Honeywell HON.O is nearing an 1.8 billion pounds($2.42 billion) all-cash deal to acquire the Catalyst Technologies division of Britain's Johnson Matthey's JMAT.L.

- Billionaire activist Daniel Loeb's Third Point Investors TPOGu.L plans to acquire a Cayman Islands-based Malibu Life Reinsurance, in a move that would lead to the creation of a new London-listed insurer for the first time since 2020.

- British ministers have discussed using new legislation to wipe out British Steel's debts of close to 1 billion pounds ($1.34 billion), according to Whitehall figures.

- Britain is set to sign a controversial deal to hand over the Chagos Islands to Mauritius as soon as Thursday, according to people familiar with the matter.

($1 = 0.7449 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))