Allied World CEO bemoans ‘challenging year’ as 2015 profits plummet
Global insurer Allied World recorded a significant fall in net income from $490.3m (£337.6m) for the full year in 2014 to $83.9m in 2015.
Plummeting profits were delivered despite increases in gross written premium and net premiums earned of 5.4% and 14% respectively. GWP for the year stood at $3.1bn, while NPE was chalked up at $2.5bn
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