Fairfax Financial
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The CEO of Advent Underwriting will move to the sister Fairfax company in the New Year.
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Fairfax paid $251.8mn for the 11.2 percent ownership of Brit, implying a value of $2.2bn for the insurer.
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The earnings fell short of consensus estimates partly due to lower investment returns
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The buyer already has substantial operations in Eastern Europe.
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Fairfax accepts $20mn to drop 2006 claims against one firm but still presses others.
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Allied World Re shifts Walter Chaname to head treaty reinsurance division based in Miami.
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A team of three led by Laura Goldsworthy moves following the dissolution of Advent Syndicate 780.
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Uncertainty remains over the future of Advent’s established terror book. -
The insurance-based conglomerate in Toronto posted operating profit that rose 29 percent.
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The Odyssey unit’s grade stems from the group’s balance sheet and operating results.
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Brit-Advent merger and Channel’s restructure in London point the way to coming changes.
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There were positive share price changes over the quarter from only 13 companies in the index.
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