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Fairfax Financial & Allied World Merger Update

Fairfax Financial & Allied World Merger Update

Fairfax Financial Holdings and Allied World Assurance Company Holdings, AG have agreed to extend to March 10, 2017 the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the “Fixed Value Stock Consideration” under the terms of the previously announced definitive merger agreement entered... Read more of this article

Allied World Reports Q4 Net Loss Of $40.9M

Allied World Reports Q4 Net Loss Of $40.9M

Allied World Assurance Company Holdings, AG reported a net loss of $40.9 million, or $0.47 per diluted share, for the fourth quarter of 2016 compared to net income of $1.7 million, or $0.02 per diluted share, for the fourth quarter of 2015. Net income for the year ended December 31, 2016 was $255.2 million, or $2.84 per diluted share, compared to net... Read more of this article

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial To Buy Allied World For $4.9B

Fairfax Financial Holdings Limited and Allied World Assurance Company Holdings have entered into a merger agreement in which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, based on Friday’s closing stock price on the TSX for Fairfax of C$614.45[$460.65], Allied World shareholders... Read more of this article

Allied World Reports Q3 Net Income of $68.6M

Allied World Reports Q3 Net Income of $68.6M

Allied World Assurance Company Holdings  reported net income of $68.6 million, or $0.77 per diluted share, for the third quarter of 2016 compared to a net loss of $51.6 million, or $0.57 per diluted share, for the third quarter of 2015. The company reported operating income of $55.2 million, or $0.62 per diluted share, for the third quarter of 2016,... Read more of this article

Allied World To Pay Dividend Of $0.26 Per Share

Allied World To Pay Dividend Of $0.26 Per Share

Allied World Assurance Company Holdings, AG  has approved a quarterly dividend equal to $0.26 per share payable on September 29, 2016 to shareholders of record on September 20, 2016. The company’s transfer agent will make dividend payments in United States dollars. The amount of the payment in Swiss francs [CHF] will be based on the USD/CHF exchange... Read more of this article

Allied World Appoints Dale Chow As Senior VP

Allied World Appoints Dale Chow As Senior VP

Allied World Assurance Company Holdings, AG announced that Dale Chow has been appointed to Senior Vice President, Professional Lines for Allied World Bermuda. In this role, Chow will be responsible for the strategic direction, management, marketing and underwriting of Allied World Bermuda’s professional lines, which include primary and excess Directors... Read more of this article

Allied World Reports Net Income Of $153.4M

Allied World Reports Net Income Of $153.4M

Allied World Assurance Company Holdings reported net income of $153.4 million, or $1.70 per diluted share, for the second quarter of 2016, compared to net income of $9.5 million, or $0.10 per diluted share, for the second quarter of 2015. The company reported operating income of $82.7 million, or $0.91 per diluted share, for the second quarter of 2016,... Read more of this article

Allied World To Pay Quarterly Dividend

Allied World To Pay Quarterly Dividend

Allied World Assurance Company Holdings, AG today announced that it has approved a quarterly dividend equal to $0.26 per share payable on June 30, 2016 to shareholders of record on June 21, 2016. The company’s transfer agent will make dividend payments in United States dollars. The amount of the payment in Swiss francs [CHF] will be based on the... Read more of this article

Allied World Appoints Holly Meidl As Senior VP

Allied World Appoints Holly Meidl As Senior VP

Allied World Assurance Company Holdings, AG announced that Susan Chmieleski, President of Allied World North American Healthcare, will retire effective June 30, 2016, and Holly Meidl has been appointed to Senior Vice President, North American Healthcare, effective immediately. Mrs. Chmieleski joined Allied World in 2008 as part of the company’s acquisition... Read more of this article

Allied World Expands M&A Underwriting Team

Allied World Expands M&A Underwriting Team

Allied World Assurance Company Holdings, AG announced the appointment of Terry Enright and Ryan Anderson to the North American Mergers and Acquisitions [M&A] underwriting team, effective immediately. Allied World’s North American M&A platform offers insurance for many transactional risks, including representations and warranties [R&W]... Read more of this article

Weather Postpones Allied World Community Day

Weather Postpones Allied World Community Day

The Allied World Family Community Day scheduled for this afternoon [May 15] has been called off due to the bad weather. A spokesperson said, “The Centre on Philanthropy will make an announcement early next week concerning a new date.” Elaine Butterfield, Executive Director of The Centre on Philanthropy previuously said, “Our joint goal... Read more of this article

Allied World Launches Product Recall Insurance

Allied World Launches Product Recall Insurance

Allied World Assurance Company Holdings, AG announced that its Product Recall insurance products are available in Canada and the United States, as part of the Global Crisis Management Division. The Product Recall insurance offers both First Party and Third Party coverage and it allows clients to mitigate the risk of recall expenses, adverse publicity... Read more of this article

Allied Expands Professional Liability In Australia

Allied Expands Professional Liability In Australia

Allied World Assurance Company Holdings, AG announced that Michael Herron was appointed Vice President, Professional Liability – Allied World Global Markets. Based in Sydney, Australia. Mr. Herron will be responsible for growth and development of the Company’s Australian Professional Liability business and will report to Ben Howell, Senior Vice... Read more of this article