NU Online News Service, Sept. 2, 11:48 a.m. EDT

Transatlantic Holdings Inc.'s board of directors is not pursuing a “value-maximizing strategy” and is putting up “self-imposed roadblocks” to discussions with Validus Holdings, according to a Validus letter to Transatlantic shareholders.

Validus previously sent a letter to Transatlantic shareholders urging them to vote against a proposed merger with Allied World Assurance Co.

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.