Pestalozzi advises AIG in its USD 5.5 billion acquisition of Validus
American International Group, Inc. (NYSE: AIG) has entered into a definitive agreement to acquire all outstanding common shares of Validus Holdings, Ltd. (“Validus,” NYSE: VR), a leading provider of reinsurance, primary insurance, and asset management services, which includes Swiss based Validus Reinsurance (Switzerland) Ltd. The transaction is expected to close mid-2018, subject to approval by Validus shareholders and other customary closing conditions, including regulatory approvals in relevant jurisdictions. Pestalozzi advises AIG as to Swiss law and regulations.