Allied World jumps 5% after takeover fails

Shares in Allied World closed up 5.49 percent in New York
yesterday following a report by The Insurance
Insider revealing that advanced takeover talks with
Markel had collapsed.
Banking sources told this publication the two parties had held
discussions for a number of weeks, before Markel pulled out at the
end of last month.
While precise details of the proposed deal remain unclear, it is
believed to have been structured as a Markel takeover of Allied
World, which would have...