Allied World Assurance Company Limited
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Allied World Assurance Company Limited - overview
Established
2001
Location
Zug, -, Switzerland
Primary Industry
Insurance
About
Allied World Assurance Company Limited, based in Switzerland, specializes in providing comprehensive insurance and reinsurance solutions globally, serving a diverse clientele with a focus on risk management across various sectors. Founded in 2001 by Zander Eckblad, Allied World Assurance Company Limited operates as a global provider of insurance and reinsurance solutions. The company is headquartered in Zug, Switzerland. In December 2016, a consortium led by Fairfax Financial Holdings, including Alberta Investment Management Corporation (AIMCo) and OMERS, acquired Allied World for USD 4.
9 billion, transitioning it from public to private ownership. The company has engaged in a total of 6 deals, with the most recent deal occurring on 2016-12-18. Allied World Assurance Company Holdings, Ltd. offers a wide range of insurance and reinsurance products, primarily focusing on property and casualty insurance, reinsurance, and specialty insurance solutions.
The company serves clients across diverse sectors including commercial, healthcare, and technology, providing tailored coverage that addresses unique business risks. Its clientele includes small and medium enterprises, large corporations, and governmental entities spanning North America, Europe, and Asia. In 2022, Allied World reported a revenue of USD 4. 198 bn and an EBITDA of USD 115.
3 mn. The company's revenue is generated through direct insurance transactions, with premiums established based on policyholder coverage needs and risk profiles, fostering long-term partnerships with clients. The company plans to continue expanding its range of insurance offerings, with new products in development aimed at addressing emerging market needs. Allied World is looking to penetrate additional markets in Asia and Europe by 2025, leveraging its recent funding from the public to private acquisition to enhance its operational capabilities and market reach.
The strategic infusion of resources will support product innovation and geographical expansion initiatives.
Current Investors
OMERS, Alberta Investment Management Corporation (AIMCo), Fairfax Financial Holdings Limited
Primary Industry
Insurance
Sub Industries
Reinsurance
Website
www.awac.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Allied World Assurance Company Limited - timeline of key events
Allied World Assurance Company Limited - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,576,400,000 | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - |
| EBITDA (USD) | 325,000,000 | - | - | - | - | - | - |
| Operating Income (USD) | 309,900,000 | - | - | - | - | - | - |
| Operating Margin | 12.0% | - | - | - | - | - | - |
| % EBITDA Margin | 12.6% | - | - | - | - | - | - |
| NET Income (USD) | 255,300,000 | - | - | - | - | - | - |
| % Net Margin | 9.9% | - | - | - | - | - | - |
Allied World Assurance Company Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Allied World Assurance Company Limited | - | ||||||||
| Private Placement/Follow on | Completed | Allied World Assurance Company Limited | - | ||||||||
| Private Placement/Follow on | Completed | Allied World Assurance Company Limited | - | ||||||||
| Private Placement/Follow on | Completed | Allied World Assurance Company Limited | - | ||||||||
| IPO | Completed | Allied World Assurance Company Limited | - |
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Allied World Assurance Company Limited - employee data
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