Allied World Assurance Has Higher Profit

NU Online News Service, July 28, 3:07 p.m.EDT?Allied World Assurance Holdings, a Bermuda-basedproperty-casualty insurer, posted a $73.8 million second-quarterprofit, nearly tripling the $26.2 million in income posted one yearago.

Michael Morrison, chief executive officer at Allied WorldAssurance, said the company has experienced strong growth in 2003,more than doubling its production over the first half of lastyear.

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