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Darwin Professional Underwriters shareholders approve merger with Allied World Assurance
By Lisa Kerner
Charlotte, N.C., Oct. 15 - Darwin Professional Underwriters, Inc. said approximately 87% of the outstanding shares of its common stock entitled to be cast voted in favor of the company's merger with Allied World Assurance Co. Holdings, Ltd. at a special meeting Wednesday.
In June, it was announced that Allied World agreed to acquire Darwin for $32 per share, or about $550 million.
Allied World Assurance provides insurance and reinsurance solutions in Bermuda, the United States and Europe. The company is based in Pembroke, Bermuda.
Darwin is a Farmington, Conn., specialty insurance group.
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