Fairfax Financial buying Allied World for $4.9bn

Prem Watsa’s Canadian property & casualty insurance and reinsurance group Fairfax Financial Holdings Limited is set to acquire Allied World Assurance Company Holdings, AG for $4.9 billion after the pair entered into a merger agreement. It’s the latest example of consolidation involving specialty or commercial insurance and reinsurance assets, as the industry continues to face…

via Fairfax Financial buying Allied World for $4.9bn — Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management Blog

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s