Allied World to Be Acquired by Fairfax Financial for $4.9 Billion

The combination of Allied World and Fairfax creates a world leader in property and casualty insurance, reinsurance and investments.

On December 18, Willkie client Allied World Assurance Company Holdings, AG and Fairfax Financial Holdings Limited announced that they have entered into a merger agreement, pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to $54.00 per Allied World Share, for a total equity value of approximately $4.9 billion.

Allied World is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. The combination of Allied World and Fairfax creates a world leader in property and casualty insurance, reinsurance and investments.

The Willkie deal team was led by partners Steven Seidman and Sean Ewen and included partners Henry Cohn, Arthur Lynch, Jordan Messinger, Allison Tam, William Rooney and Jeffrey Goldfarb; counsel Jonathan Konoff; associates Jonathan Kubek, Hugh McLaughlin, Amir Ghavi, Meredith Levy, David Stauber, Geri Anne McEvoy, Yevgeniy Markov, Agathe Richard, Daniel Bumpus, Rachel Berk and David Blassberger; and law clerks Peter Coulson and David Lee.