Validus Holdings Ltd., a Bermuda-based reinsurance company, has reached an agreement to buy IPC Holdings Ltd. for about $1.7 billion. The Validus bid beat an offer by Flagstone Reinsurance Holdings Ltd.
Skadden, Arps, Slate, Meagher & Flom advised Validus with a team that included M&A partners Roger Aaron, Stephen Arcano and Todd Freed.
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