Allied World (AWH) announced last night that it's entering a $3.2B merger of equals with...

|About: Allied World Assurance C... (AWH)|By:, SA News Editor

Allied World (AWH) announced last night that it's entering a $3.2B merger of equals with Transatlantic Re (TRH), creating a specialty insurance and reinsurance giant with $21B of invested assets. The all-stock deal is a 16% premium to Transatlantic's Friday close.