Allied World News

Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase

Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied …

Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources

Prem Watsa’s Fairfax Financial Holdings Ltd. is close to announcing a deal that would see one of Canada’s largest pension funds contribute $1 billion in financing toward its acquisition of insurer Allied World Assurance Co., according to people familiar with …

Fairfax in Talks to Sell 25% of India’s ICICI Lombard, Worth Up to $1B

Fairfax Financial Holdings is in early talks to sell 25 percent of India’s largest private general insurer ICICI Lombard in a deal that could fetch up to $1 billion, as the Canadian firm looks to cash out and start a …

Fairfax in Talks with OMERS to Help Finance $4.9B Allied World Takeover: Source

Prem Watsa’s Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System (OMERS) to see if the pension fund will help finance his $4.9 billion takeover of Allied World Assurance Co., according to a person familiar …

Fairfax Plans to Raise $1 Billion in IPO for Fund to Make Africa Investments

Fairfax Financial Holdings Ltd., the Canadian insurer that made its largest acquisition last week, is selling shares in an initial public offering for a fund that will make investments in Africa. The company is seeking to raise as much as …

Canada’s Fairfax to Buy Switzerland’s Allied World for $4.9B in Cash, Stock

Fairfax Financial Holdings Ltd., the Canadian investment and insurance company, agreed to buy Allied World Assurance Co. for $4.9 billion in cash and stock in Chief Executive Officer Prem Watsa’s biggest purchase. Fairfax will pay $54 per share, which is …

Allied World Appoints Hall-Shaw as VP in Professional Lines Division

Allied World Assurance Company Holdings announced that Jacqueline Hall-Shaw has been appointed vice president, Professional Lines Division, based in London. She will report to Martin Heathfield, Senior Vice President, Professional Lines. Hall-Shaw has more than 15 years of experience in …

Allied World APAC Appoints 2 Casualty Specialists from AIG

Allied World Assurance Company Holdings announced two appointments to its General Casualty Division in Asia: Daphne Boon to the position of vice president, head of General Casualty (Asia), and Christie Huang Shuying to assistant vice president. Boon joins Allied World …

ArgoGlobal Buys Renewal Rights to Allied World’s Marine Hull Business in Asia

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5. “I am very pleased that we have reached an agreement …

Allied World Addresses Non-Payment Exposure With Accounts Receivable Coverage

Allied World Assurance Company Holdings, AG has launched its Accounts Receivable Insurance in the United States and Canada. The coverage is designed to assist CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or …