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Flagstone Re muscles in on IPC deal

02 July 2009

Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.

Read more: Flagstone Reinsurance IPC Holdings Validus Max Capital

Flagstone Reinsurance has entered the race to acquire Bermudian reinsurer IPC Holdings with a rival bid, which it says trumps the offer previously made by Validus.

Flagstone will exchange 2.638 of new shares for each IPC share plus $5.50 per share in cash for total consideration of $33.62 compared to IPC...


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Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield