NU Online News Service, May 1, 12:12 p.m. EDT
The board of IPC Holdings urged its shareholders yesterday to ignore the statements and actions of Validus Holdings, which has been attempting to acquire the firm despite IPC's agreement to sell to Max Capital.
A board statement from the monoline property-catastrophe reinsurer's Bermuda-based holding company said it "unanimously reaffirmed its belief that the acquisition proposal made by Validus Holdings, Ltd. does not represent a superior proposal."
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
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
