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.