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Allied World Europe Expands Its Primary Capabilities Within Its Professional Liability Product Suite

Date : 11/14/2012 @ 8:00PM
Source : PR Newswire (US)
Stock : Allied World Assurance Company Holdings Ag (AWH)
Quote : 36.01  -0.45 (-1.23%) @ 1:30PM
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Allied World Europe Expands Its Primary Capabilities Within Its Professional Liability Product Suite

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Allied World Europe Expands Its Primary Capabilities Within Its Professional Liability Product Suite

ZUG, Switzerland, Nov. 14, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Europe has enhanced its suite of Professional Liability products to include primary capabilities.  The new offering, Allied World Secure(SM), consists of five distinct products which cover a broad range of primary and excess liabilities, including Allied World Secure Warranty & Indemnity Insurance, Allied World Secure Professional Indemnity, Allied World Secure Directors & Officers Liability, SME 360® and Executive ForceField® 'Side A' DIC.

Gary Lill, Senior Vice President and head of Allied World Europe's Professional Lines division, commented, "Allied World has underwritten professional liability products in the London marketplace for almost a decade and has built a solid reputation for our consistency of approach, and responding to clients' needs quickly and nimbly.  We are continually looking at ways to service the evolving needs of our insureds. With all of our product lines now written on a primary and excess basis, we are able to offer coverage for the multitude of exposures that face both public and private companies ranging in size from small enterprises to multinational organisations."  

Ed Moresco, Senior Vice President, Bermuda and International Product Line Manager, Professional Liability, commented, "Expanding our primary capabilities within the Professional Lines book of business in Europe is a natural evolution of our global underwriting strategy as we currently write primary business in the United States, Bermuda and Asia. Allied World Secure provides brokers and clients with a range of products to address their primary and excess liability needs, all from one insurer."

For more information about our suite of Professional Liability products in Europe, please contact Gary Lill at gary.lill@awac.com.

About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering 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 www.awac.com for further information on 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 impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; 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 2012 PR Newswire



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