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30 April 2017
Fairfax Financial Holdings has raised the cash portion of its $US4.9 billion ($6.4 billion) cash-and-stock offer to acquire Swiss (re)insurer Allied World.
It will now pay $US28 ($36.50) cash – including a $US5 ($6.50) special dividend – per share to Allied World shareholders, instead of $US10 ($13) announced in the original offer.
The original offer comprised $US10 cash and $US44 ($57.30) in Fairfax stock.
Increasing the cash portion of the offer means Fairfax can “minimise the dilution to Fairfax shareholders”, Chairman and CEO Prem Watsa says.
Canada-based Fairfax has been growing its global insurance portfolio through acquisitions in the past two years, including buying AIG’s business in Latin America and Turkey.
28 April 2017
This is a rare opportunity to be a part of TIO, and lead our NT commercial business to achieve continued success and growth.
18 April 2017
The successful applicant will be responsible for all ANZ Claims (ie direct) related strategic procurement for bodily injury (ie providers of services relating to health, recovery and injury management) and investigations (ie providers of investigative services).
11 April 2017
Westlawn Insurance Brokers is an established and respected local company with nine branches across Northern NSW. We are looking for an Insurance professional with drive and commitment to join our Lismore team.