Allied World Assurance Company Holdings, Ltd (Pembroke, Bermuda) has completed its acquisition of Darwin Professional Underwriters, Inc.,a specialty insurer based in Farmington, Connecticut. Darwin will become part of Allied World's U.S. operations.
The acquisition of Darwin was accomplished through the merger of a subsidiary of Allied World, Allied World Merger Company, with and into Darwin, with Darwin as the surviving corporation. Allied World paid $32.00 in cash per share for all of Darwin's outstanding common stock. The total consideration paid was approximately $550 million.
Peggy Bresnick Kendler has been a writer for 30 years. She has worked as an editor, publicist and school district technology coordinator. During the past decade, Bresnick Kendler has worked for UBM TechWeb on special financialservices technology-centered ... View Full Bio