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Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it has reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

Less than one year after its unsuccessful pursuit of Transatlantic Holdings, Validus Holdings says it reached an agreement to buy Flagstone Reinsurance Holdings for about $623 million in cash and stock.

The National Football League is seeking coverage from insurers that it says have refused to provide a defense as the league faces hundreds of concussion-related lawsuits from former playersbut insurers are claiming they have no duty to indemnify or defend the NFL.

The International Association of Insurance Supervisors should remove traditional insurance activities from its methodology for identifying globally systemically important insurers, the Geneva Association says.

The International Association of Insurance Supervisors should remove traditional insurance activities from its methodology for identifying globally systemically important insurers, the Geneva Association says.

Despite 2011 castastrophe losses, the reinsurance sector ended the year with a dedicated capital position that was slightly up at around $178 billion. Examining the premium assumed from non-affiliates, PC360 has ranked the top 25 U.S. reinsurers for 2011.

Michael McRaith, director of the Federal Insurance Office, is moving aggressively to reduce the differences between European and U.S. insurance regulatory and supervisory schemes, and to resolve a dispute holding up the release of the FIO's anticipated report on insurance modernization.