NU Online News Service, Sept. 9, 2:19 p.m. EDT
Validus Holdings $1.6 billion acquisition of IPCRe Holdings--completed Friday after a bitter takeover battle--drew different reactions from three rating agencies.
A.M. Best Company said today it would have no impact on the two Bermuda-based reinsurers, and Moody's Investors Service affirmed Validus Holdings Ltd.'s "Baa2" long-term issuer rating and Validus Reinsurance Ltd.'s "A3" insurance financial strength rating. Moody's also moved Validus outlook to stable from negative.
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
Already have an account? Sign In Now
© 2025 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.
