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By Chad Hemenway, PropertyCasualty360.com |
February 16, 2012
Allied World Assurance Co. Holdings says it nearly doubled fourth-quarter net income but the Switzerland-based company’s net income for the year was more than halved.
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By Reuters |
November 28, 2011
Reinsurer Validus Holdings on Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle.
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November 23, 2011
Insurance rating agency A.M. Best Co. says the ratings of Transatlantic Holdings and Alleghany Corp. and their subsidiaries remain unchanged following the companies’ agreement to merge.
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By Reuters |
November 23, 2011
Key milestones in the battle for Transatlantic, presented in a timeline. Alleghany Corp. and Transatlantic have agreed on a $3.4 billion cash-and-stock deal.
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By Chad Hemenway, PropertyCasualty360.com |
November 21, 2011
Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of an agreement valuing Transatlantic at about $3.4 billion.
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By Phil Gusman, PropertyCasualty360.com |
November 7, 2011
The sparring between Transatlantic Holdings and Validus Holdings over the latter’s bid to acquire the former continues with Validus criticizing an investor presentation by Transatlantic’s board explaining why shareholders should reject Validus’ latest offer.
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By Chad Hemenway, PropertyCasualty360.com |
November 3, 2011
The latest offer from Validus Holdings to buy Transatlantic Holdings has been rejected—the latest chapter in the pursuit of the New York-based international reinsurance company.
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By Phil Gusman, PropertyCasualty360.com |
September 26, 2011
Business has picked up in the bidding for Transatlantic Holdings since the New York-based reinsurer and Allied World Assurance called off their proposed merger, as Transatlantic says it has entered into two confidentiality agreements: one with Validus Holdings and one with an undisclosed third party.
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By Chad Hemenway, PropertyCasualty360.com |
August 19, 2011
Validus Holdings says it has started to contact shareholders of Transatlantic Holdings by mail to urge them to vote against Transatlantic’s merger agreement with Allied World Assurance Co. Holdings.
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By Mark E. Ruquet, PropertyCasualty360.com |
August 12, 2011
Validus Group’s ongoing hostile takeover bid with Transatlantic Holdings took on heightened acrimony this week as Validus says it would open its books to Transatlantic and sued the carrier for breach of fiduciary duty.
