Allied World Assurance, which underwrites property and casualty insurance as well as reinsurance in Bermuda, the United States, Ireland and the United Kingdom, announced the terms for its IPO on Monday. The Bermuda based company plans to offer 8.8 million shares at a range of $34-$37. The proposed market cap for this deal is $2.0 billion. Lead manager Goldman Sachs has tentatively scheduled the deal for mid July.
