Carmilani to pick up $80mn from Fairfax deal

Allied World founding chief executive Scott Carmilani is poised
to receive a $79.6mn payout following the carrier's acquisition
by Canadian group Fairfax Financial.
Analysis by The Insurance Insider
shows Carmilani held a 1.7 percent stake in the company as of 22
February 2016, comprising 1.25 million directly owned shares,
139,000 shares held indirectly in a trust and 83,863 stock
options.
The cumulative total of 1,475,086 shares is valued at $79.6mn
based on Fairfax's offer price of $54 per sh