Insight and Intelligence on the London & International Insurance Markets

25 February 2018

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Noonan signs off with deal 8 as Duperreault inks deal 1

Adam McNestrie 23 January 2018

Two of insurance's most experienced dealmakers, AIG CEO Brian Duperreault and Validus CEO Ed Noonan, struck the first and last deals of their respective tenures yesterday, as the global insurance giant made good on its growth pronouncements.

AIG's agreed acquisition of the Bermudian (re)insurer for $5.56bn, equivalent to 1.58x fully diluted book value, has a high probability of completion.

The $68.00 a share bid represents a 45.5 percent premium to the undisturbed share price and is comfortably ahead of comparable...

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This article was published as part of issue January 2018/4

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