M&A Deal Summary

Allied World Assurance Company Holdings AG Acquires Darwin Professional Underwriters

On June 30, 2008, Allied World Assurance Company Holdings AG acquired insurance company Darwin Professional Underwriters for 550M USD

Acquisition Highlights
  • This is Allied World Assurance Company Holdings AG’s 2nd transaction in the Insurance sector.
  • This is Allied World Assurance Company Holdings AG’s largest (disclosed) transaction.
  • This is Allied World Assurance Company Holdings AG’s 2nd transaction in the United States.
  • This is Allied World Assurance Company Holdings AG’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2008-06-30
Target Darwin Professional Underwriters
Sector Insurance
Buyer(s) Allied World Assurance Company Holdings AG
Deal Type Add-on Acquisition
Deal Value 550M USD

Target

Darwin Professional Underwriters

Farmington,, Connecticut, United States
Darwin Professional Underwriters offers specialty and primary professional lines coverages, which include health care professional liability and niche errors and omissions. Darwin also has a business and technology model to underwrite small professional liability business.

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Buyer(S) 1

Buyer

Allied World Assurance Company Holdings AG

Zug, Switzerland

website

Category Company
Founded 2001
Sector Insurance
Employees1,433
Revenue 2.7B USD (2016)
DESCRIPTION

Allied World Assurance Company Holdings is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.

DEAL STATS #
Overall 2 of 6
Sector (Insurance) 2 of 6
Type (Add-on Acquisition) 2 of 3
State (Connecticut) 2 of 2
Country (United States) 2 of 2
Year (2008) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Converium Holdings

Stamford,, Connecticut, United States

Converium Holdings (North America), Inc. is a provider of insurance and reinsurance solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-21 RSA Insurance Group - Hong Kong and Singapore Operations

China

RSA Insurance Group - Hong Kong and Singapore Operations is a provider of personal and business insurance services. The business includes a niche group of specialty lines, including casualty, construction and engineering, marine and property. RSA has a long history in the region, with connections that go back over 40 years in Hong Kong and over 180 years in Singapore. In 2013, the businesses had total gross premiums written of approximately $250 million.

Buy $215M
Mergr

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