Add-on Acquisition • Insurance

Fairfax Acquires Allied World Assurance Company Holdings AG

On December 18, 2016, Fairfax acquired insurance company Allied World Assurance Company Holdings AG for 4.9B USD

Acquisition Context
  • This is Fairfax’s 7th transaction in the Insurance sector.
  • This is Fairfax’s 2nd largest (disclosed) transaction.
  • This is Fairfax’s 1st transaction in Switzerland.

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M&A Deal Summary

Date December 18, 2016
Target Allied World Assurance Company Holdings AG
Sector Insurance
Buyer(s) Fairfax
Deal Type Add-on Acquisition
Deal Value 4.9B USD
Advisor(s) BofA Securities (Financial)
Homburger
Willkie Farr & Gallagher
Baker & McKenzie
Walder Wyss (Legal)

Target Company

Allied World Assurance Company Holdings AG

Zug, Switzerland
Allied World Assurance Company Holdings is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.
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Buyer Overview 1

Buyer

Fairfax

Toronto, Ontario, Canada

Category Company
Founded 1951
Sector Insurance
Employees15,891
Revenue 28.4B USD (2024)
DESCRIPTION

Fairfax is a financial services holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Fairfax was founded in 1951 and is based in Toronto, Ontario.


Deal Context for Buyer #
Overall 8 of 14
Sector: Insurance 7 of 7
Type: Add-on Acquisition 6 of 10
Country: Switzerland 1 of 1
Year: 2016 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Asuransi MAG

Jakarta, Indonesia

Asuransi MAG is an insurance company involved in providing insurances for vehicle, health, fire, etc. Asuransi MAG was founded in 1980 and is based in Central Jakarta, Indonesia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-28 Peak Achievement Athletics

Exeter, New Hampshire, United States

Peak Achievement Athletics is a developer and manufacturer of ice hockey, roller hockey, lacrosse, baseball, and softball sports equipment, as well as related apparel and soccer apparel. Peak Achievement Athletics was founded in 1927 and is based in Exeter, New Hampshire.

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