Allied World Assurance Company Holdings, AG announced today the the
launch of its ForceField® management liability product suite
in the Canadian market. ForceField offers five distinct coverage
components including: Directors & Officers Liability, Employment
Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap &
Ransom/Extortion Coverage. These package products are available for
private companies and not-for-profit organizations. Clients have the
ability to purchase an entire package of comprehensive coverages or
combine only the elements that are essential for their needs with the
option to choose separate or shared limits among these coverages.
Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada
commented, “The ForceField product suite, originally offered through
Allied World’s U.S. offices, has been tremendously successful with our
insureds. ForceField empowers clients to combine coverages and critical
risk management services to accommodate their specific needs, all with
the convenience of a single application and underwriter.”
Bobby Bowden, Executive Vice President & Chief Marketing Officer for
Allied World, added, “We are committed to building a robust product
offering in Canada and the roll-out of our well-respected ForceField
product suite is the first step in our commitment to the market. I look
forward to working with Kent on the further development of this business
line.”
For more information on Allied World’s ForceField product suite in
Canada, please contact Kent Paisley direct at kent.paisley@awac.com
or Michael Shore, Vice President, Professional Lines at michael.shore@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