# Allied World Assurance Company

Allied World Assurance Company is an Insurance based in Pembroke, Bermuda.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Pembroke, Bermuda
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** https://awac.com/
- **LinkedIn:** linkedin.com/company/allied-world-assurance-company

## Regulatory record

- **Reports private funds:** No

## About

Allied World Assurance Company was founded by Scott Carmilani, who served as its chairman and chief executive until the 2017 transaction that made Fairfax Financial Holdings Limited the ultimate parent. The insurer allocates across fixed-maturity securities, equity securities, and other invested assets. Positions include a minority stake in Aeolus Capital Management Ltd. and ownership in Peak Achievement Athletics Inc. Geographic reach centers on Bermuda headquarters with additional exposure through Lloyd's Syndicate 2232 and operations in Switzerland. Investment decisions follow the Fairfax Financial ESG policy, which screens out opportunities carrying excessive environmental, social, or governance risks. The firm participates in the RIMS Annual Conference and the Global Insurance Summit as an attendee. Ownership structure ties the company to Fairfax Financial as parent and to OMERS as a co-investor in a significant stake, creating a hybrid insurance and asset-owner profile distinct from pure-play carriers.

## Sectors

- Insurance

## People

- Scott Carmilani — Former Chairman and CEO

## Questions

### How does Allied World Assurance Company source proprietary deal flow?

Deal flow arises through its Lloyd's Syndicate 2232 platform and direct minority investments in financial services and industrial companies.

### Does Allied World Assurance Company participate in fund commitments or only direct deals?

The firm holds both direct operating-company stakes and positions within the Fairfax group investment structure.

### Where does the underlying capital come from?

Capital originates from insurance premiums collected across specialty lines and is managed to preserve liquidity for claims.

### How is Allied World Assurance Company related to Fairfax Financial Holdings Limited?

Fairfax Financial Holdings Limited acquired Allied World in 2017 and remains the ultimate parent company.

## Related profiles

- [Banor SIM](https://altss.com/profile/banor-sim)
- [Davidov Financial Coaching](https://altss.com/profile/davidov-financial-coaching-llc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/allied-world-assurance-company

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology