Allied World Assurance Has Higher Profit
NU Online News Service, July 28, 3:07 p.m. EDT?Allied World Assurance Holdings, a Bermuda-based property-casualty insurer, posted a $73.8 million second-quarter profit, nearly tripling the $26.2 million in income posted one year ago.
Michael Morrison, chief executive officer at Allied World Assurance, said the company has experienced strong growth in 2003, more than doubling its production over the first half of last year.
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