Allied World Assurance Company Holdings, AG announced today that Allied
World North America and WKFC Underwriting Managers have launched a
special event liability program that can cover a wide variety of risks
in all 50 U.S. states. The new program is targeted to address the
duration of an event for up to a period of 12 months. Available
coverages include: commercial general liability, liquor liability and
spectator liability.
Grace Meek, Senior Vice President, Programs, Allied World North America
commented, "This latest program launch is another demonstration of our
continued commitment to address evolving risks in the U.S. market.
Special event insurance is one of the most responsible decisions you can
make when planning an event, given the amount of time and energy put
into execution. We collaborated with WKFC to provide this unique
coverage because of their expertise in this area. I look forward to
working with them personally to build this book of business.”
Adam Schnell, EVP, Casualty Practice, WKFC Underwriting
Managers added, “WKFC and the Ryan Specialty Group couldn’t be more
pleased about our relationship with Allied World. This now enables us to
offer our clients a broad array of General Liability and Liquor
Liability coverage’s in the Special Events arena through a highly ranked
insurance carrier.”
For more information on this program, please contact Adam Schnell at aschnell@wkfc.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.
About WKFC Underwriting Managers
WKFC Underwriting Managers was acquired by Ryan Specialty Group, LLC
(RSG) on April 3, 2012. RSG consists of a wide range of highly
specialized MGUs/MGAs, a wholesale brokerage and a Lloyd’s insurer. RSG
also provides specialized services for agents, brokers and insurers and
is dedicated to providing insurance solutions for hard to place risks.
Founded in 1994, WKFC has grown significantly by supporting the diverse
needs of their wholesaler clients. As one of the premier managing
general agents in the excess & surplus arena of Insurance products, they
are committed to offer clients leading edge products and services in
today’s changing marketplace.
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