Carmilani leaves Allied World to take organic growth role at Fairfax; successor revealed

Canada-based property and casualty re/insurance conglomerate Fairfax Financial Holdings has appointed Allied World CEO Scott Carmilani in a new role that it hopes will help promote organic growth and collaboration initiatives across its global operations.

At the same time, the company has appointed Lou Iglesias as new CEO of Allied World, reporting to Andy Barnard, president of Fairfax Insurance Group. Iglesias was previously the president of Allied World, working under Carmilani for over seven years.

Over the past 20 years, starting with a small Bermuda operation, Carmilani has built Allied World, which became a wholly-owned subsidiary of Fairfax in 2017. Fairfax also owns OdysseyRe and Brit.

Carmilani will work closely in his new capacity with Barnard and Paul Rivett, president of Fairfax Financial. In his new role, Carmilani will build on his network of contacts and broker and customer relationships in order to foster new growth initiatives, such as Fairfax Worldwide, and new collaboration initiatives with insurance and reinsurance leaders around the globe.

Prem Watsa, chairman and chief executive officer of Fairfax, commented: “We are privileged to have an executive of Scott Carmilani’s calibre focused on building Fairfax’s global organic growth initiatives. While always mindful of retaining our decentralized structure, we and the entire organization will benefit from Scott’s guidance, energy and collaborative spirit.

"Meanwhile, at Allied World, Lou Iglesias, chosen by Scott as his successor, is a strong leader with the ability to continue to profitably grow the Allied business.”

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