Archive for: December 2016

Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, is acquiring Allied World Assurance Company Holdings for $4.9 billion in cash and stock as the two companies have entered into a merger agreement approved by their boards. The offer price represents a premium of 18 percent to the closing...

Liberty Mutual Insurance has agreed to acquire specialty lines insurer Ironshore Inc. from China’s Fosun International Limited. Liberty Mutual will acquire a 100 percent ownership interest in Ironshore. According to the announcement, the purchase price will equate to 1.45x Ironshore’s actual tangible book value as of year-end 2016, and...

After 2 successive years of growth, rally in overall premiums is expected to continue Things are looking bright for the surety bond industry. After two successive years of growth, the rally in overall premiums is expected to continue next year despite an expected rise in loss activity. Industry experts...