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The chief executive of a hedge fund disputed the assertion in a New York Times article that Allied World Assurance Co. made a substantial investment in his firm.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it has reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Ratings agencies agree that Validus Holdings should not see significant negative repercussions from its proposed acquisition of Flagstone Reinsurance Holdings, as statements today indicate Validus ratings will remain unchanged.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.

Bermuda is on course to bring capital rules for insurers into line with theEuropean Union's tough new Solvency II regime, the island's financial regulator said.