Allied World Q2 net income off 35%
Allied World, the Bermudian (re)insurer, said that second quarter net income fell to $79.2m from $123.3m a year earlier. Net income in the first half of the year dropped to $210.2m, compared to net income of $237.2 m, for the first six months of 2007.
Allied's president and chief executive Scott Carmilani said: “Allied World has reported solid operating results despite the continued downturn in pricing in the insurance marketplace and the negative
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