From version < 1.3 >
edited by Md. Touhidul Islam
on 2023/11/23 12:07
To version < 1.4 >
edited by Md. Touhidul Islam
on 2023/11/23 12:08
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25 25  = Recent Developments =
26 26  
27 27  * On May 22, 2023, the Company entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”) with American International Group, Inc. (together with its affiliates and subsidiaries, “AIG”) pursuant to which, upon the terms and subject to the conditions thereof, the Company agreed to purchase certain direct and indirect subsidiaries of AIG, including Validus Holdings, Ltd., Validus Specialty, LLC, and Validus Reinsurance, Ltd. (the acquisitions under the Stock Purchase Agreement, together with the other transactions contemplated thereby, the “Validus Acquisition”). The Validus Acquisition, which is currently expected to close during the fourth quarter of 2023, is subject to customary closing conditions, including, among others, receipt of required regulatory approvals.{{footnote}}https://cbonds.com/news/2329972/{{/footnote}}
28 -*
28 +* Completed acquisition of Validus Re from American International Group, Inc.(AIG) on November 1, 2023.{{footnote}}https://www.insurancejournal.com/news/international/2023/11/01/746483.htm{{/footnote}}
29 29  
30 30  
31 31  {{putFootnotes/}}
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