Allied World, Darwin Professional merger gets early termination of Hart-Scott-Rodino wait

By Angela McDaniels

Tacoma, Wash., July 22 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in Allied World Assurance Co. Holdings, Ltd.'s proposed acquisition of Darwin Professional Underwriters, Inc.

Darwin agreed on June 30 to be acquired for $32 per share, or about $550 million.

The acquisition is expected to close in the fourth quarter, according to a prior news release from Allied World.

Allied World provides insurance and reinsurance solutions in Bermuda, the United States and Europe. The company is based in Pembroke, Bermuda.

Darwin is a Farmington, Conn., specialty insurance group.

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