FAIRFAX SEEKS TO ACQUIRE ALLIED WORLD
On 12/18/16, Fairfax Financial announced its intentions to acquire Allied World for $4.9 billion.
The Press Release is found here.
Allied World has played in a significant role in providing various healthcare liability insurance products for several years. AW solidified this role after acquiring Darwin Professional Underwriters back in October of 2008. Darwin had a specialized focus on the world of healthcare liability.
Fairfax Financial is the parent company to Hudson Specialty, another significant carrier focused on healthcare liability insurance.