Navigation Links
Darwin Stockholders Adopt Merger Agreement with Allied World
Date:10/15/2008

FARMINGTON, Conn., Oct. 15 /PRNewswire-FirstCall/ -- Darwin Professional Underwriters, Inc. (the "Company") (NYSE: DR) today announced that at a special meeting of the Company's stockholders held on October 15, 2008, the Company stockholders adopted the Agreement and Plan of Merger (the "Merger Agreement"), dated as of June 27, 2008, among the Company, Allied World Assurance Company Holdings, Ltd ("Allied World") and Allied World Merger Company, a subsidiary of Allied World. Approximately 87 percent of the outstanding shares of the Company's common stock entitled to be cast at the special meeting voted for the adoption of the Merger Agreement.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO )

About Darwin Professional Underwriters, Inc.

Darwin is a specialty insurance group based in Farmington, Connecticut. The Company is focused on the professional liability insurance market and underwrites directors and officers liability for public and private companies, errors and omissions liability insurance, medical malpractice liability insurance, and other specialty coverage. Darwin member companies include Darwin Professional Underwriters, Inc., Darwin National Assurance Company (DNA), and Darwin Select Insurance Company (Darwin Select). DNA and Darwin Select have earned a financial strength rating of A- (Excellent) from A.M. Best Company. Darwin is traded on the New York Stock Exchange under the ticker symbol, DR. For more about Darwin visit http://www.darwinpro.com.

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the inability to obtain Darwin's stockholder approval or the failure to satisfy other conditions to completion of the merger; risks that the proposed transaction disrupts current plans and operations; the ability to recognize the benefits of the merger; the amount of the costs, fees, expenses and charges related to the merger; pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; investigations of market practices and related settlement terms; negative rating agency actions; the adequacy of our loss reserves; the Company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.

For more information about Darwin, visit http://www.darwinpro.com.


'/>"/>
SOURCE Darwin Professional Underwriters, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Darwin Announces Creation of New Health Care and Errors and Omissions Divisions
2. Darwin to Announce First Quarter 2008 Financial Results
3. Darwin Announces Departure of Senior Vice President
4. Darwin Introduces New Managed Care Corporate Liability Insurance
5. Darwin Professional Underwriters, Inc. Reports Record Net Income of $10.9 Million for the Fourth Quarter
6. Darwin Introduces Enhancements to its Lawyers Professional Liability Insurance Policy Including Privacy Wrongful Acts and More
7. Darwin Enters into Marketing Partnership with Agency Specialty Product Network
8. Darwin to Announce Fourth Quarter and Year-end 2007 Financial Results
9. Darwin to Present at the Credit Suisse Insurance Conference on November 15, 2007
10. Darwin Professional Underwriters, Inc. Reports Record Net Income of $8.4 Million for the Third Quarter
11. Darwin to Announce Third Quarter 2007 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/20/2017)... ... February 20, 2017 , ... Chuck E. Cheese’s® and Center for ... joint event at Chuck E. Cheese’s locations throughout New England, New York and New ... opportunity to experience the fun of visiting Chuck E. Cheese’s in a sensory-friendly environment. ...
(Date:2/19/2017)... Aliso Viejo, CA (PRWEB) , ... February 19, 2017 , ... ProBrand Glitch is a ... . With ProBrand Glitch users can easily reveal any logo with a glitch reveal ... Pro X users control over the style and animation of each preset. Use these presets ...
(Date:2/18/2017)... ... ... Butler Mobility invited Ken Matthews to visit its manufacturing facility and showroom to ... with the safety and reliability of the Stannah Stairlift as well as with the ... by Ken Matthews can be heard on News Radio WHP 580 weekdays from 3:00 ...
(Date:2/17/2017)... ... February 17, 2017 , ... Smiles by Seese is ... in Davidson, NC. Dr. Brian Seese leads the practice as a skilled and highly ... one roof. Smiles by Seese serves patients of all ages with excellence in general, ...
(Date:2/17/2017)... Church, VA (PRWEB) , ... ... ... Integrate FDA Device Approval and Reimbursement , **An FDAnews Webinar**, Feb. 22, ... , What are the critical reimbursement questions manufacturers should be asking before ...
Breaking Medicine News(10 mins):
(Date:2/20/2017)... Feb. 20, 2017 Research and Markets has ... Insights, Opportunity, Analysis, Market Shares & Forecast 2017 - 2022" ... ... nearly USD 2 Billion by the year end of 2022 growing ... Market growth can be attributed to factors such as ...
(Date:2/20/2017)... , Feb 20, 2017 Research and ... Devices Global Market -Forecast to 2022" report to their ... ... rise in aging population, rising adoption of tension free repair ... the growth of hernia repair devices global market. However, Inconsistent ...
(Date:2/20/2017)... , February 20, 2017 ... market  is anticipated to reach USD 1.4 billion ... Grand View Research, Inc. Constant evaluation of various ... is expected to drive growth in this market. ... for development of novel and improved shunts in ...
Breaking Medicine Technology: