Allied World posts solid Q1, retains more
Bermudian (re)insurer Allied World Assurance Company has reported operating income of $128.0m, for the first quarter 2008 compared to operating income of $120.4m, but has pointed to increased competition in all its operating units.
Gross premiums written were $396.9m for the period, 9.5% down on a year earlier. Allied said the decrease was primarily the result of the non-renewal of business that did not meet its underwriting
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