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Max insists Validus has owned up over clear path claim in IPC struggle

Max Capital Group has claimed that the latest filings by Validus Holdings over its rival bid for Bermudian reinsurer IPC, show that Validus has conceded that no clear path to close a transaction with IPC exists.

Max Capital issued the following statement: "In a proxy filing with the SEC this morning, in connection with describing its proposal to obtain a court order to hold an IPC shareholder meeting relating

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