Allied World Assurance Company Holdings, AG announced today the launch
of Allied World Bermuda’s Thirty2°/Sixty4°℠ suite that addresses
a wide range of liability exposures currently facing corporations and
their executives and employees. The Thirty2°/Sixty4° suite offers five
distinct primary coverage components: Directors & Officers Liability,
Employment Practices Liability (EPL), Employed Lawyers Coverage,
Fiduciary Liability, and Wage & Hour Coverage. Clients have the ability
to purchase the entire package or combine only the specific components
they need, with the option to choose separate or shared limits.
Ed Moresco, Senior Vice President, Bermuda and International
Professional Liability Product Line Manager, commented, “This product
suite fills a void in the Bermuda market as our clients may combine a
number of management liability coverages into a single primary policy,
with customized limits and retentions. The ability to purchase a
separate or shared limit for EPL and Wage & Hour, which includes
indemnity and defense costs coverage, provides maximum flexibility to
our clients. In addition, the primary D&O Liability policy is the only
one of its kind currently offered in Bermuda. We remain committed to
providing our clients and trading partners the innovative risk solutions
they need.”
For more information on the Thirty2°/Sixty4° suite, please
contact Joyce Duarte, Vice President, Professional Liability – Bermuda,
at joyce.duarte@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