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Validus reaffirms IPC offer

03 July 2009

Validus Holding has reaffirmed its commitment to its outstanding offer to acquire fellow Bermudian IPC Holdings, in response to a rival offer by Flagstone Re, announced yesterday.

Read more: Flagstone Re Validus Holdings IPC

Validus Holding has reaffirmed its commitment to its outstanding offer to acquire fellow Bermudian IPC Holdings, in response to a rival offer by Flagstone Re, announced yesterday (July 2).

The company said in a statement: "Validus remains strongly committed to our outstanding offer to acquire IPC, which we firmly believe represents a full and fair value for IPC shares. In addition, we...


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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