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Allied World board members concerned in 2016 with ‘protracted negotiations’ with un-named prospective buyer: SEC filing

May 23, 2017 by Canadian Underwriter

Six months before announcing its proposed acquisition by Toronto-based Fairfax Financial Holdings Ltd., commercial insurer Allied World Assurance Company Holdings AG received an offer letter from an un-named prospective buyer for $48 a share, recently-released documents indicate. Fairfax and Zug,

News Commercial LinesEarnings / RatingsInsuranceReinsurance

Combined ratio up 3.1 points for Allied World

May 1, 2017 by Canadian Underwriter

Allied World Assurance Company Holdings AG, which is expected to have a new Canadian corporate parent, recently reported a 3.1-point deterioration, year over year, in its first-quarter combined ratio, nearly a month after Cyclone Debbie hit the north shore of

News InsuranceMergers and Acquisitions

M&A insurance claims rising, 23% of deals over US$1 billion end in a claim: AIG study

April 20, 2017 by Canadian Underwriter

The frequency of insurance claims related to mergers and acquisitions (M&A) is rising as large deals prove risky and the average payout on the most severe category of claims tops US$20 million, according to a new global study from American

News Commercial LinesInsuranceMarkets / Coverages

New Allianz unit to write representations and warranties insurance in Canada

July 20, 2016 by Canadian Underwriter

Allianz Global Corporate & Specialty (AGCS) SE announced Wednesday its new transactional liability unit in North America. “This new practice will offer financial protection specifically to protect against inaccuracies made about target companies or businesses in connection with mergers, acquisitions

News Commercial LinesInsuranceMarkets / Coverages

Berkshire Hathaway Specialty Insurance enters into transactional liability insurance market in Canada and the U.S.

July 19, 2016 by Canadian Underwriter

Berkshire Hathaway Specialty Insurance (BHSI) announced on Tuesday that it has expanded into the transactional liability insurance market in Canada and the United States. BHSI also said in a press release that it has named Robert Underhill as senior vice

News Commercial LinesInsuranceMarkets / Coverages

Ironshore’s M&A unit establishes an Americas presence, names management appointments in Toronto, New York and Atlanta

June 14, 2016 by Canadian Underwriter

Ironshore International announced on Monday that its global Mergers & Acquisitions unit will establish an Americas presence to “address complex, multi-jurisdictional transactions within the North and Latin American regions.” The Americas team will be led by Navine K. Aggarwal, who