Fairfax Financial Holdings Ltd. and Allied World Assurance Co. Holdings Ltd. are selling their majority interests in Vault Insurance to Cornell Capital and Hudson Structured Capital Management Ltd. Fairfax, through Allied World, will retain a 10% stake in Vault after the transaction. Former Allied World CEO Scott Carmilani intends to retain a Vault stake and… Continue reading Fairfax, Allied World to Sell Majority Stake in Vault Insurance
Tag: Allied World
Casualty Erosion Prompts A.M. Best to Downgrade Allied World Rating
The Long-Term Issuer Credit Ratings (Long Term ICR) of Allied World Assurance Company and its affiliates has been downgraded by AM Best from a+ to a, while its Financial Strength Rating (FSR) of A (Excellent) has been affirmed. The ratings agency has also downgraded the Long-Term ICR of Allied World’s parent, Allied World Assurance Company… Continue reading Casualty Erosion Prompts A.M. Best to Downgrade Allied World Rating