AWAC puts in strong maiden figures
In its first results since its recent NYSE IPO, Bermudian (re)insurer Allied World Assurance Company (AWAC) has reported an increase in net income, a falling combined ratio and favourable prior-year reserve developments.
Net income was $102.4m for the second quarter 2006 compared to net income of $71.5m for the second quarter 2005. Net income for the six months ended June 30, 2006 was $200.5m compared to $135.9m, or
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