
Validus Holdings' VR efforts to purchase IPC Holdings IPCR received a setback Wednesday when Flagstone Re FSR submitted a higher offer. Although nothing has been finalized, it would appear
Bermuda catastrophe reinsurance specialist IPC Holdings IPCR received an alternative merger offer from Flagstone Re FSR on Wednesday. Validus Holdings VR has a competing offer outstanding
In what came as a surprise announcement today, shareholders of IPC Holdings IPCR voted down a merger offer from Max Capital Group MXGL, despite IPC's board having approved the deal earlier. This rejection
On Friday, shareholders of IPC Holdings IPCR voted to reject a merger offer from Max Capital Group MXGL. In late May, Validus Holdings VR had sweetened a rival offer with
growth over the rest of 2009 to be less dramatic. The other item of note is Validus' drawn-out effort to acquire IPC Holdings IPCR . Validus' decent capital position (with $536 million in cash) gives it sway, but its aggressive approach to managing its
Bermuda catastrophe reinsurer IPC Holdings IPCR reported a solid revenue gain, significant but manageable catastrophe losses, and continuing investment difficulties in its first
After making an aggressive offer to buy IPC Holdings IPCR on March 31--despite IPC's previous agreement with Max Re Capital MXGL--Validus' VR takeover efforts appear to have stalled
On Monday, IPC Holdings IPCR announced its intent to merge with fellow Bermuda insurance enterprise Max Capital Group MXGL. We've placed IPC Holdings under review while we assess the implications of the merger.
Catastrophe reinsurance specialist IPC Holdings IPCR took some substantial claims losses in the quarter, but this is a normal, if volatile, part of the business, particularly in
Bermuda reinsurer IPC Holdings IPCR reported strong second-quarter results on Thursday. Earned premium revenue was off 15% for the quarter and year to date, reflecting