Validus wraps up $127.5mn CRS crop deal with ADM

Validus Holdings took formal control of Crop Risk Services
(CRS), a primary agricultural insurer with $555mn in gross premiums
last year, from ag giant Archer Daniels Midland (ADM) to complete a
$127.5mn transaction announced in January.
Operating as part of the Bermuda-based buyer's Western World
Insurance Group in New Jersey, the unit will continue to offer a
full range of crop cover and ADM grain marketing services through
1,170 agents in 36 states, Validus said today.
In a call with...