Allied World Assurance Company Holdings, AG announced today the opening
of a branch office in Toronto, Ontario to further expand its North
American insurance operations. Gord Kerr has been appointed Senior Vice
President, Chief Agent & Branch Manager for the region.
President and Chief Executive Officer Scott Carmilani commented,
“Opening an office in Canada has been a strategic objective of Allied
World for some time. With 12 branch offices working towards full
capacity throughout North America, we have greater proximity to all of
our customers and trading partners and we are well positioned for
further expansion.”
Mr. Kerr will be responsible for the production and profitability of the
region as well as managing distribution channels, broker and regulatory
relationships. He has over 30 years of experience in the insurance
industry, specifically in Canada. Prior to joining Allied World, Mr.
Kerr spent four years as the CEO and Chief Agent for Arch Insurance
Company’s Canadian operations. Before joining Arch, he spent 28 years
with AIG in Canada, holding various management positions, including
Chief Operating Officer for AIG in Canada.
Lou Iglesias, President, Allied World North America commented, “Gord is
a great addition to Allied World’s North American team. His breadth of
experience in the market and his extensive contacts will be a great
asset as we work together to build a world-class specialty offering for
the region.”
For more information on Allied World's Canadian branch office, please
contact Gord Kerr directly at gordon.kerr@awac.com.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries
and brand known as Allied World, is a global provider of innovative
property, casualty and specialty insurance and reinsurance solutions.
Allied World offers superior client service through a global network of
offices and branches. All of Allied World's rated insurance and
reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard
& Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+
by Standard & Poor's and Fitch.
Please visit the following for further information on Allied World: Web: www.awac.com
| Facebook: www.facebook.com/alliedworld
| LinkedIn: http://www.linkedin.com/company/Allied-World.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect our
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, our
forward-looking statements could be affected by pricing and policy term
trends; increased competition; the adequacy of our loss reserves;
negative rating agency actions; greater frequency or severity of
unpredictable catastrophic events; the impact of acts of terrorism and
acts of war; the company 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 our filings with the U.S. Securities and
Exchange Commission. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date on
which they are made. We are under no obligation (and expressly disclaim
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.
Copyright Business Wire 2014