Validus Holdings says it has started to contact shareholders of Transatlantic Holdings by mail to urge them to vote against Transatlantics merger agreement with Allied World Assurance Co. Holdings.
Validus Groups 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.
Two Bermuda insurers continued their fight to acquire IPC Holdings Inc. with a letter from Validus Holdings Ltd. saying the Max Capital Group Ltd. overstated the financial benefit IPC shareholders would receive by accepting its offer.
Pronouncements by analysts about soft casualty insurance prices are based on inaccurate broker surveys and are overblown, a top insurer told the Annual Executive Conference for the Property-Casualty
Validus Reinsurance Ltd.==a Bermuda-based startup reinsurer backed by an investment group headed by former Marsh and McLennan Companies Chief Executive Officer Jeffrey Greenberg==announced its ...
U.S. Reinsurers Show Profits, But Nagging Doubts Remain S&P expects negative outlook to be lifted soon, but raises questions about strength, profit potentialNew YorkEffectively bankrupt. ...
Reinsurers Shaken-Up In Rocky TimesLondon EditorLondon The tremendous losses being racked up by the global reinsurance industry are leading to management shake-ups and operations being ...
J. Stephen Beckman came out of retirement to take over as interim CEO of Security American Financial Enterprises, following the resignation of president and chief ...
Programs, Speakers Switched At CPCU MeetingSeattle The latest victim of the terrorist activity on Sept. 11 was the annual CPCU conference held here late last ...