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Insurance rating agency A.M. Best Co. says the ratings of Transatlantic Holdings and Alleghany Corp. and their subsidiaries remain unchanged following the companies agreement to merge.

Key milestones in the battle for Transatlantic, presented in a timeline. Alleghany Corp. and Transatlantic have agreed on a $3.4 billion cash-and-stock deal.

Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of an agreement valuing Transatlantic at about $3.4 billion.

The sparring between Transatlantic Holdings and Validus Holdings over the latters bid to acquire the former continues with Validus criticizing an investor presentation by Transatlantics board explaining why shareholders should reject Validus latest offer.

The latest offer from Validus Holdings to buy Transatlantic Holdings has been rejectedthe latest chapter in the pursuit of the New York-based international reinsurance company.

Validus Holdings Ltd. says it has extended its offer for Transatlantic Holdings Inc. until Nov. 25.

Transatlantic Holdings Inc. says third-quarter net income was down nearly 50 percent due to $71 million in catastrophe losses and $57 million in costs mostly related to the termination of its merger agreement with Allied World Assurance Co. Holdings.

A blow-by-blow recounting of the ongoing, dramatic, multi-party efforts at a mega-deal.