Allied World Assurance Co. Holdings A.G., the insurer whose co-founders include Chubb Corp. and American International Group Inc. (AIG), has repurchased warrants from AIG for $53.6 million. AIG was one of Allied World's founding shareholders when the company was established in 2001 along with Goldman Sachs, Swiss Re and The Chubb Corp. None of the founding shareholders has any warrants remaining or any other disclosed equity interests in the company.
Allied, based in Zug, Switzerland, funded the transaction with cash on hand, the insurer reported in a PR Newswire-issued statement.
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