FARMINGTON, Conn., Oct. 15 Darwin ProfessionalUnderwriters, Inc. (the "Company") (NYSE: DR) today announced that at aspecial meeting of the Company's stockholders held on October 15, 2008, theCompany stockholders adopted the Agreement and Plan of Merger (the "MergerAgreement"), dated as of June 27, 2008, among the Company, Allied WorldAssurance Company Holdings, Ltd ("Allied World") and Allied World MergerCompany, a subsidiary of Allied World. Approximately 87 percent of theoutstanding shares of the Company's common stock entitled to be cast at thespecial meeting voted for the adoption of the Merger Agreement.
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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 andunderwrites directors and officers liability for public and private companies,errors and omissions liability insurance, medical malpractice liabilityinsurance, and other specialty coverage. Darwin member companies includeDarwin Professional Underwriters, Inc., Darwin National Assurance Company(DNA), and Darwin Select Insurance Company (Darwin Select). DNA and DarwinSelect have earned a financial strength rating of A- (Excellent) from A.M.Best Company. Darwin is traded on the New York Stock Exchange under theticker 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 ourcurrent views with respect to future events and financial performance and aremade pursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. Such statements involve risks anduncertainties, which may cause actual results to differ materially from thoseset forth in these statements. For example, our forward-looking statementscould be affected by the occurrence of any event, change or othercircumstances that could give rise to the termination of the merger agreement;the inability to obtain Darwin's stockholder approval or the failure tosatisfy other conditions to completion of the merger; risks that the proposedtransaction disrupts current plans and operations; the ability to recognizethe benefits of the merger; the amount of the costs, fees, expenses andcharges related to the merger; pricing and policy term trends; increasedcompetition; the impact of acts of terrorism and acts of war; greaterfrequency or severity of unpredictable catastrophic events; investigations ofmarket practices and related settlement terms; negative rating agency actions;the adequacy of our loss reserves; the Company or its subsidiaries becomingsubject to significant income taxes in the United States or elsewhere; changesin regulations or tax laws; changes in the availability, cost or quality ofreinsurance or retrocessional coverage; adverse general economic conditions;and judicial, legislative, political and other governmental developments, aswell as management's response to these factors, and other factors identifiedin our filings with the SEC. You are cautioned not to place undue reliance onthese forward-looking statements, which speak only as of the date on whichthey are made. We are under no obligation (and expressly disclaim any suchobligation) to update or revise any forward-looking statement that may be madefrom time to time, whether as a result of new information, future developmentsor otherwise.
For more information about Darwin, visit http://www.darwinpro.com.
SOURCE Darwin Professional Underwriters, Inc.