Fairfax-Allied deal to create fifth-largest E&S writer

Fairfax Financial's proposed acquisition of Allied World
will take pro-forma gross written premiums (GWP) to around $12.5bn
and make the group the fifth-largest excess and surplus lines
(E&S) writer across all of its operating companies.
Based on figures for the 12 months to 30 September 2016,
pro-forma GWP amounts to $12.5bn, with a combined ratio of 92.4
percent, according to an investor presentation.
Three-quarters of the combined portfolio would be North American
business. The combined E