Allied World News

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 …

Allied World Names Enright, Anderson to North America M&A Underwriting Team

Specialty insurance provider Allied World Assurance Co. Holdings has named Terry Enright and Ryan Anderson to its North American Mergers and Acquisitions (M&A) underwriting team. Allied World’s North American M&A platform offers insurance for transactional risks including representations and warranties …

Venture Insurance Adds New Market to Hunting, Fishing Resort Industry Program

Venture Insurance Programs, a national insurance program administrator, has added Allied World Assurance Company (AWAC) as a new market for its SPORTSMAN program, which serves hunting and fishing resorts, lodges and private clubs. AWAC will serve as an additional carrier …

Allied World Launches Product Recall Insurance in North America

Allied World Assurance Company Holdings, AG has added product recall insurance products for the U.S. and Canada through its Global Crisis Management Division. The product recall insurance offers both first party and third party coverage and it allows clients to …