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Allied World skyrockets

Shares in Allied World increased by almost 17 percent over the week after the Bermudian carrier surprised analysts and investors alike with a sterling set of second quarter results.

It closed last week at $41.73 per share, up significantly from last Monday's opening price of $35.65.

After reporting operating profits of $82.7mn, or $0.91 per share, for the second quarter, the carrier's stock price continued on an upward trajectory until markets closed on Friday.

The operating profit result by far exceeded Wall Street's consensus estimate of $0.39 per share.

The Insider 30 group grew by almost 1 percent on average - strongly outperforming Navigators, which gave up 2.77 percent over the course of the week to close at $88.46.

And AmTrust saw shares slide by 2.45 percent to end the week at $24.70, down from its Monday opening price of $25.34.

Meanwhile, shares in French reinsurance giant Scor shrank by 1.88 percent to end the week at EUR26.02.

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