FARMINGTON, Conn., Sept. 2 /PRNewswire-FirstCall/ -- Darwin Professional
Underwriters, Inc. (NYSE: DR) today announced that September 15, 2008 will be
the record date for determination of stockholders entitled to vote upon the
proposed acquisition of Darwin by Allied World Assurance Company Holdings,
Ltd, at a special meeting for that purpose. The date, time and place of the
special meeting of stockholders are being finalized and will be announced at a
later time.
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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 and
underwrites directors and officers liability for public and private companies,
errors and omissions liability insurance, medical malpractice liability
insurance, and other specialty coverage. Darwin member companies include
Darwin Professional Underwriters, Inc., Darwin National Assurance Company
(DNA), and Darwin Select Insurance Company (Darwin Select). DNA and Darwin
Select have earned a financial strength rating of A- (Excellent) from A.M.
Best Company. Darwin is traded on the New York Stock Exchange under the ticker
symbol, DR. For more about Darwin visit http://www.darwinpro.com.
Participants in the Solicitation
The directors and executive officers of Darwin may be deemed to be
participants in the solicitation of proxies in respect of the proposed merger.
Information regarding Darwin's directors and executive officers is available
in Darwin's proxy statement for its 2008 Annual Meeting filed with the
Securities and Exchange Commission (the 'SEC') on April 7, 2008. Additional
information regarding the interests of such directors and executive officers
in the solicitation of proxies in connection with the proposed merger is
included in the preliminary proxy statement filed with the SEC on August 8,
2008 and will be contained in the definitive proxy statement when it becomes
available.
Additional Information
In connection with the proposed merger, Darwin filed a preliminary proxy
statement with the SEC on August 8, 2008. Investors and securities holders
are strongly advised to read the preliminary proxy statement and the
definitive proxy statement when it becomes available, before making any voting
or investment decisions.