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19 April 2018

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Fairfax ‘pretty confident’ on $500mn extra Allied World funding

Catrin Shi 17 February 2017

Fairfax Financial CEO Prem Watsa today said he was "pretty confident" he would secure an extra $500mn of funding from third party investors for its near $4.9bn takeover of Allied World.

In a conference call with analysts on the company's fourth quarter results, Watsa said Fairfax was in final negotiations with a number of parties interested in participating in the deal.

The Toronto-based owner of Brit and other insurers posted a $704.2mn Q4 net loss late yesterday after chalking up...

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