Latest Alliedworldinsurance Headlines
All the headlines from our Alliedworldinsurance Topic Page, ordered by recency.
Business Moves
Sep 19 2011 // Yardi, Multifamily Insurance Group Santa Barbara, Calif.-based real estate management software firm Yardi has acquired Dallas-based Multifamily Insurance Group (MIG) in a move that allows it to provide renters insurance to...
Allied World, Transatlantic Call off Merger Deal
Sep 16 2011 // Reinsurers Allied World Assurance Co. Holdings Ltd and Transatlantic Holdings Inc. called off their merger Friday in the face of overwhelming opposition, leaving Transatlantic to decide between two larger, unsolicited...
Shareholder Adviser OK’s Allied’s Bid, But Nixes Approval by Transatlantic
Sep 15 2011 // Allied World Assurance Company Holdings, AG announced that Institutional Shareholder Services (ISS), an independent proxy advisory service, has “issued a report recommending that shareholders of Allied World vote in...
Transatlantic, Allied World off CreditWatch as Merger Looks Less Likely: S&P
Sep 14 2011 // Standard & Poor’s Ratings Services has removed both Transatlantic Holdings and Allied World Assurance Co. Holdings AG from its CreditWatch Positive, where they were placed on June 13, following the announcement...
Allied World Finds $80 Million in New Synergies with Transatlantic Merger
Sep 9 2011 // Allied World Assurance Company Holdings, AG has announced “significant new merger-related synergies that can be achieved through the combination with Transatlantic Holdings, Inc.” The company said it “now...
Allied World Appoints Fleischmann as New VP for Direct Underwriting
Sep 9 2011 // Allied World Assurance Company Holdings, AG announced that Kurt Fleischmann has joined Allied World Europe as Vice President, General Casualty & Professional Lines. He will be based in Zug, Switzerland where Allied...
Allied World Launches Swiss Operating Company
Sep 1 2011 // Allied World Assurance Co. Holdings has launched a Swiss operating company, Allied World Assurance Co., AG. The new operating company was licensed to underwrite reinsurance and insurance business by the Swiss Financial...
S&P Assigns ‘A’ Rating to Allied World’s Swiss Sub; Outlook Positive
Sep 1 2011 // Standard & Poor’s Ratings Services has assigned its ‘A’ financial strength rating to Allied World Assurance Co. AG (AW Switzerland), a newly formed operating subsidiary of Bermuda-based operating...
Transatlantic’s Largest Shareholder Opposes Allied Deal
Aug 25 2011 // The largest shareholder in reinsurer Transatlantic Holdings Inc will oppose the company’s acquisition by Allied World, opening the door to two other suitors. Davis Selected Advisers, which owns 23.6 percent of...
Transatlantic Opens Buyout Talks with Berkshire’s National Indemnity
Aug 15 2011 // Transatlantic Holdings opened talks with a unit of Warren Buffett’s Berkshire Hathaway on Friday over a $3.2 billion takeover offer, adding a new twist in the battle for the reinsurer. The Berkshire unit, National...
Validus Sues Transatlantic; Offers Look at Books
Aug 12 2011 // The three-way bidding war for reinsurer Transatlantic Holdings grew more complicated Thursday as hostile suitor Validus Holdings sued the company, but also offered to open its own books for review. The dual moves were...
Bids for Transatlantic Tighten But Eyes on Buffett
Aug 10 2011 // The spread between two of the dueling offers for reinsurer Transatlantic Holdings virtually disappeared Wednesday amid a fresh market rout, as deal-watchers waited for any sign as to what late entrant Berkshire Hathaway...
Buffett, National Indemnity Offer $3.2 Billion for Transatlantic
Aug 7 2011 // A unit of Warren Buffett’s Berkshire Hathaway Inc. made a $3.24 billion buyout offer for Transatlantic Holdings Inc., topping two existing rival bids for the reinsurer. Transatlantic’s board said on Sunday it...
Validus Urges Transatlantic Talk About Takeover Offer
Aug 1 2011 // Reinsurer Validus Holdings Ltd . Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co. Validus offered to...
Validus Touts ‘Superior Proposal’ for Transatlantic; Allied Says It’s a Done Deal
Jul 29 2011 // There seems to be a slight divergence of views between Validus Holdings and Allied World over the current status of their respective efforts to acquire Transatlantic Holdings, Inc. Following Transatlantic’s decision...
Validus, Allied World Tussle over Transatlantic Heats Up
Jul 20 2011 // In dueling press releases both Allied World Assurance and Validus Holdings reaffirmed their respective positions in their competing efforts to acquire the outstanding shares of Transatlantic Holdings, Inc. Bermuda-based...
UPDATE – Validus Tops Allied World’s Bid for Transatlantic
Jul 12 2011 // Validus Holdings Ltd offered to buy reinsurer Transatlantic Holdings Inc for about $3.5 billion in cash and stock, trumping Allied World Assurance Co Holdings’ all-stock offer. Validus offered 1.5564 in shares and a...
Allied World Estimates $65-$75 Million Q2 Cat Losses
Jul 8 2011 // Allied World Assurance Company Holdings, AG has announced that it expects to record approximately $65 million to $75 million in catastrophe related losses and loss expenses in the second quarter of 2011. The company said...
Business Moves
Jul 4 2011 // Arthur J. Gallagher, Bushong Agency Illinois-based global insurance broker Arthur J. Gallagher & Co. has acquired retail broker Bushong Insurance Associates Inc. in Ponte Vedra Beach, Florida. Terms of the transaction...
Business Moves
Jul 4 2011 // Transatlantic, Allied World Transatlantic Holdings, Inc. and Allied World Assurance Co. Holdings, AG have agreed to a merger that will create a leading, global specialty insurance and reinsurance company. The combined...
