Allied World Assurance Company Holdings, AG announced today that it has
added Excess D&O coverage to its existing management liability product
suite in the Canadian market. The Excess D&O product joins Allied
World’s ForceField® that offers five distinct coverage components
including: Primary Directors & Officers Liability, Employment Practices
Liability, Fiduciary Liability, Crime Coverage and Kidnap &
Ransom/Extortion Coverage. The new Excess D&O product will be available
for public companies as well as for private and not-for profit companies.
Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada
commented, “We remain committed to building a comprehensive suite of
specialty products tailored for the Canadian market. The addition of the
Excess D&O product helps to fill a void in the current marketplace. The
ForceField product suite, which allows clients the flexibility to
customize their primary coverage, has been well received thus far. We
will continue to work with our dedicated claims specialists and broker
partners to provide our mutual clients with the exemplary service they
have come to expect from Allied World.”
For more information on Allied World’s new Excess D&O product 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