Allied World's profits hammered in Q2 by catastrophes and investment losses
Allied World's after tax profits fell 94% to $9.5m (£6m) in the second quarter compared with the same period last year when profits hit $151.9m.
Allied World's results were hit by a 19.1% decrease in reinsurance premiums driven by the non-renewal of several casualty and property treaties, $25m of losses from storms in Australia, non
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