$4.9 Billion Acquisition of Allied World by Fairfax

Cleary Gottlieb is representing Bank of America Merrill Lynch as financial advisor to Swiss insurer Allied World Assurance Co. Holdings AG in connection with the proposed sale of Allied World to Fairfax Financial Holdings Ltd. in a deal valued at $4.9 billion, the Canadian insurance holding company’s largest-ever purchase.

The transaction was announced on December 18, 2016.