Allied World CFO and chief actuary depart post Fairfax merger

Thomas Bradley, the chief financial officer (CFO) of Allied World Assurance Company Holdings, has left the company following its  $4.9 billion acquisition by Canadian P&C re/insurer Fairfax Financial Holdings.

According to a United States Securities and Exchange Commission filing on Aug 4, Allied World's CFO Bradley and chief actuary Marshall Grossack, have departed from their positions, effective July 31.

The filing stated that the departure of Bradley and Grossack "will be treated as a termination without cause under each person’s employment agreement."

Bradley joined Allied World in September 2012 as executive vice president and chief financial officer.

Before joining Allied World, Bradley was executive vice president and chief financial officer at Fair Isaac Corporation, a developer of predictive analytic software.

Prior to that, he spent 29 years in the insurance industry holding senior financial and operational positions at Zurich Insurance Group, and USF&G/St Paul Companies.

Fairfax has recently completed the acquisition of Switzerland-based Allied World. The definitive merger agreement was first announced on December 2016.

Sign up to our free daily email newsletters

Today’s stories

India's GIC Re files for potential $1bn IPO

Former Sompo CEO joins UK insurtech REG

Insurance Europe warns over protectionism in Indonesia, Turkey, Argentina

Berkshire Hathaway posts underwriting loss as AIG deal weighs on results

CEO of Towergate owner Ardonagh mulls over IPO

Travelers completes $490m M&A deal with UK insurtech Simply Business

Lloyd's syndicate Blenheim enters specialty reinsurance with Talbot hire

Markel hires political risk underwriter from Sompo Canopius

US Mutual Reinsurance Bureau CEO to retire; successor search begins

Don't miss our insurtech email newsletter - sign up today