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Allied World bounces back from a loss

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Swiss insurer Allied World Assurance Co. Holdings A.G. posted net income of $68.6 million in the third quarter, compared with a loss of $51.6 million in the same period previous year, The Royal Gazette reports. Operating income totaled $55.2 million, up from $51.1 million in the third quarter of 2015. The insurer reported revenue of $636.5 million during the quarter.

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