Company Website:
http://www.awac.com
ZUG, Switzerland -- (Business Wire)
Allied World Assurance Company Holdings, AG announced today that Allied
World North America launched its new Architects and Engineers
Professional Liability line of business for the U.S. market. Coverage
will be offered for four distinct areas, within the construction
industry: architects and engineers professional liability, constructors
professional liability, project specific coverage for design exposure
and owners protective professional indemnity on both a primary and
excess basis. Doug Hamilton has been appointed Vice President and will
oversee the development of this new product line.
Joe Cellura, President, North American Casualty commented, “We are
thrilled that Doug has joined Allied World’s continuously expanding P&C
team. There are numerous challenges facing today’s design professionals
including expanded regulatory requirements, technological advances and
broadening contractual expectations. Specialized fields require
technical expertise and Doug’s years of experience in the industry,
combined with our robust risk management services, will help clients
mitigate exposures from the outset.”
Lou Iglesias, President, Allied World North America, added, “The
addition of our Architects & Engineers line is another step in our
mission to find meaningful opportunities to bring our clients specialty
expertise that addresses their evolving risks. This launch adds to our
full suite of products customized to fit the needs of the construction
industry. Doug is a leader in this field and I look forward to working
with him to build out this book of business.”
For more information on Allied World’s Architect and Engineers
Professionally Liability coverage solutions, please contact Doug
Hamilton direct at douglas.hamilton@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.
Contacts:
Allied World Assurance Company Holdings, AG
Media:
Noelle
Campbell
Assistant Vice President & Director of Public Relations
+1-646-794-0544
noelle.campbell@awacservices.com
or
Faye
Cook
Senior Vice President, Marketing & Communications
+1
441-278-5406
faye.cook@awac.com
or
Investors:
Sarah
Doran
Senior Vice President, Investor Relations & Treasurer
+1
646-794-0590
sarah.doran@awac.com
Source: Allied World Assurance Company Holdings, AG
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