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22 May 2012

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Ratings at centre of $3.2bn M&A fight

4 August 2011

Validus chairman and CEO Ed Noonan has accused Transatlantic Holdings' board and Allied World of misrepresenting comments made by ratings agencies to support their case for persevering with the agreed TransAllied merger.

The impact on ratings of a potential transaction with Allied World or Validus has emerged as one of the key areas of attack in the increasingly acrimonious battle for Transatlantic Holdings.

An A rating is crucial to Transatlantic because of its book of long-tail reinsurance business.

And in...

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