HAMILTON, Bermuda, May 12 /PRNewswire/ — Allied World Assurance Holdings, Ltd today reported net income of $64.4 million for the first quarter 2005, compared to $89.4 million for the first quarter last year. President and Chief Executive Officer Scott Carmilani commented, “Our first quarter gross premium of $505 million grew by a modest 1% over the first quarter last year. Gross premiums written were $505.3 million in the first quarter 2005, a 1% increase over the same period in 2004…..
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