NU Online News Service, April 10, 3:44 p.m. EDT

Validus Holdings, Ltd. said it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission in connection with its battle to acquire IPC Holdings, Ltd.

In a statement, the Bermuda-based insurer said the materials will be presented at IPC's annual shareholders meeting. The materials urge IPC shareholders to oppose the issuance of IPC shares in connection with the amalgamation (a stock for stock exchange under Bermuda law) agreement between IPC and Max Capital Group Ltd. All three insurers are Bermuda-based companies.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.