Allied World CIO John Gauthier departs ahead of Fairfax takeover

John Gauthier, Allied World Assurance Company's chief investment officer (CIO) and executive vice president, has left the company, it has been revealed.

The announcement came as it revealed its 2016 results – its final set before it is formally acquired by Fairfax – which were substantially boosted by solid investment returns (click  here for story).

"Gauthier’s departure will be treated as a termination without cause," the company stated in a US Securities and Exchange Commission filing.

Prior to joining Allied World in 2008, Gauthier was the global head of insurance fixed income portfolio management at Goldman Sachs Asset Management. He has also previously served as the vice president at General Reinsurance/New England Asset Management, and a portfolio manager at General Reinsurance.

Allied World is set to be taken over by Canada-based Fairfax Financial Holdings after its 30-days 'go-shop' period expired in January 2017 as the re/insurer was unsuccessful in finding an alternative acquirer.

Earlier in December 2016, Rob Kuchinski, the senior vice president and head of international property at Allied World resigned to join Zurich Insurance as global head of property and energy.

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