Item 8.01. Other Events.
As previously announced on June 30, 2008, Darwin Professional Underwriters, Inc.
("Darwin") entered into an Agreement and Plan of Merger (the "Merger
Agreement"), dated as of June 27, 2008, with Allied World Assurance Company
Holdings, Ltd ("Allied World") and Allied World Merger Company, a wholly owned
subsidiary of Allied World.
On September 2, 2008, Darwin issued a press release announcing that
September 15, 2008 will be the record date for determination of stockholders
entitled to receive notice of, and vote at, a special meeting of stockholders.
The purpose of this special meeting will be to consider and vote on a proposal
to adopt the Merger Agreement, pursuant to which Darwin would be acquired by
Allied World. The date, time and location of the special meeting will be
announced at a later time.
A copy of the press release announcing the record date is attached as
Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.
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. Once available, investors will be able to obtain the
definitive proxy statement, as well as other filings containing information
about Darwin, free of charge, at the website maintained by the SEC at
www.sec.gov. Copies of the definitive proxy statement and other filings made by
Darwin with the SEC can also be obtained, free of charge, by visiting Darwin's
website at www.darwinpro.com.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect Darwin's
current views with respect to future events and financial performance and are
made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve risks and uncertainties, which may
cause actual results to differ materially from those set forth in these
statements. For example, Darwin's forward-looking statements could be affected
by the occurrence of any event, change or other circumstances that could give
rise to the termination of the merger agreement; the inability to obtain
Darwin's stockholder approval or the failure to satisfy other conditions to
completion of the merger; risks that the proposed transaction disrupts current
plans and operations; the ability to recognize the benefits of the merger; the
amount of the costs, fees, expenses and charges related to the merger; pricing
and policy term trends; increased
competition; the impact of acts of terrorism and acts of war; greater frequency
or severity of unpredictable catastrophic events; investigations of market
practices and related settlement terms; negative rating agency actions; the
adequacy of Darwin's loss reserves; Darwin or its subsidiaries becoming subject
to significant income taxes in the United States or elsewhere; changes in
regulations or tax laws; changes in the availability, cost or quality of
reinsurance or retrocessional coverage; adverse general economic conditions; and
judicial, legislative, political and other governmental developments, as well as
management's response to these factors, and other factors identified in Darwin's
filings with the SEC. Investors are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date on which they
are made. Darwin is under no obligation (and expressly disclaims any such
obligation) to update or revise any forward-looking statement that may be made
from time to time, whether as a result of new information, future developments
or otherwise.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Press Release, dated as of September 2, 2008.
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