Allied World bounces back from a loss
Posted On: Nov. 2, 2016 5:00 AM CSTSwiss 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.