Validus joins crop insurance top 10 with CRS deal

Validus' £127.5mnacquisition of Archer Daniels Midland (ADM) unit Crop Risk
Services (CRS) marks the latest chapter in the New York-listed
(re)insurer's expansion into specialty insurance.Once the ADM deal has completed, Validus' portfolio will be
more weighted towards insurance than reinsurance, in an important
shift away from its roots in property catastrophe reinsurance.
In 2015, the Bermudian's reinsurance book represented 56
percent of its $2.6bn of gross written premium (GWP).
With t