Darwin Stockholders Adopt Merger Agreement with Allied World
2008年10月16日 - 4:04AM
PRニュース・ワイアー (英語)
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/.
http://www.newscom.com/cgi-bin/prnh/20060829/NETU014LOGO
http://photoarchive.ap.org/ DATASOURCE: Darwin Professional
Underwriters, Inc. CONTACT: Jack Sennott of Darwin Professional
Underwriters, Inc., +1-860-284-1918, Web site:
http://www.darwinpro.com/
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