The merger agreement announced Sunday by Toronto-based Fairfax Financial Holdings Ltd. and Allied World Assurance Company Holdings AG will give Fairfax a “rather different profile” of insurance business than it currently owns, but it is not clear what percentage of…
The role of urban centres as economic powerhouses has never been more apparent. A 2011 report from McKinsey & Company notes 600 cities are projected to generate more than 60% of global growth to 2025. Not only are populations more…