Darwin Professional Underwriters in $550 Million Sale

July 9, 2008

Cleary Gottlieb is advising the Special Committee of the Board of Directors of Darwin Professional Underwriters, Inc. in the sale of Darwin to Allied World Assurance Company for approximately $550 million in cash.

Darwin is a specialty insurance group based in Farmington, Connecticut. It focuses 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. Allied World is a Bermuda-based provider of insurance and reinsurance.