Shares of the insurance company jumped on news of it would merge with Fairfax Financial Holdings.
News & Analysis: Allied World Assurance Holdings
Shares of Allied World Assurance rallied as its combined ratio improved in the second quarter due to lower losses and favorable reserve developments.
Here's why the insurance company's shares were pummeled on Wednesday.
Amount will be payable Oct. 3 to shareholders on record on Sept. 24.
Increase was approved at shareholder meeting last month.
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