NU Online News Service, May 15, 2:17 p.m. EDT
The bidding war between Max Capital Group and Validus Holdings over Bermuda-based property-catastrophe reinsurer IPC Re continued this week, with Max announcing its deal has regulators' approvals.
But shareholders must still vote on the deal, and Validus is banking on winning IPC shareholders over directly, against the recommendations of IPC's board.
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
© 2024 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.
