24-01-2017 23:57 via insuranceinsider.com

Fairfax said to assemble Allied World financing pieces

Fairfax Financial is reported to be close to obtaining at least
$1.8bn of financing needed to close its acquisition of Allied World
for $4.85bn in a combination of cash and stock.
The Ontario Municipal Employees Retirement System may publicly
commit $1bn to the deal this week, according to a Bloomberg report
today. Late last week, Reuters said Fairfax was negotiating to sell
most of its stake in a joint-venture insurance company in India
that could raise as much as $1bn....
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