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Allied World Assurance Company Holdings, AG

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Allied World’s first-quarter earnings missed expectations. However, shares outperformed the Zacks categorized Property and Casualty Insurance industry since the first-quarter earnings release. Allied World is seeking opportunities in North America to further strengthen its Insurance segment. It is witnessing strong momentum in key markets, positioning it well to bolster its Insurance platform. Inorganic story is impressive on prudent buyouts. Solid operational performance supports its sturdy financial position and enables it to engage in significant capital deployments to boost shareholders’ value. Allied World is due to be acquired by Fairfax Financial by the first half of 2017.  However, exposure to cat loss leads to volatility in underwriting results and escalating expenses weigh on margin expansion.


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