Canadian pension fund, OMERS, to take shares in Allied World

It’s been confirmed that one of Canada’s largest pension funds, the Ontario Municipal Employees Retirement System (OMERS), is going to contribute $1 billion to the acquisition of insurance and reinsurance group Allied World, alongside Prem Watsa’s Fairfax Financial. Fairfax and OMERS have entered into an agreement that will see the pension fund indirectly acquire around…

via Canadian pension OMERS to take $1bn of Allied World alongside Fairfax — Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management Blog

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