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24 January 2018

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Fairfax in talks with Omers to part-fund Allied bid: report

Charlie Thomas 9 January 2017

Fairfax Financial is in talks with Canadian pension fund Ontario Municipal Employees Retirement System (Omers) to provide assistance in funding the carrier's takeover of Allied World, according to Bloomberg.

The newswire service reported on Thursday (5 January) that Omers could take a minority stake in Allied World, reducing the financing cost for Fairfax. Other potential backers are also understood to be involved in discussions.

Under the terms of the deal announced on 18 December, $5 per share will be paid...

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