Nov 28 (Reuters)—Reinsurer Validus Holdings on Monday withdrew its offer for peer Transatlantic Holdings, ending a months-long hostile takeover battle.

Validus, which has a history of hostile bids for other reinsurers, launched its offer in July, attempting to break up a deal Transatlantic already had with Allied World Assurance Co Holdings Ltd .

While it succeeded in that effort—Transatlantic and Allied called off their deal in September—Validus was ultimately unable to woo Transatlantic's management or its shareholders.

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