ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia to further expand distribution networks in the Asia Pacific region. William Cotter, Executive Vice President, Asia Pacific Division, has been appointed to oversee the build-out of the branch and is now resident in Sydney. Mr. Cotter has been responsible for insurance operations in the region since opening Allied World’s Hong Kong branch in 2008.
The new branch office is located at 264 George Street, Sydney, NSW 2000 and will initially offer general insurance products in the following lines of business: General Casualty, Healthcare Provider Facility Liability, Professional Liability, Mergers & Acquisitions and Trade Credit insurance.
William Cotter commented, “There is tremendous potential for growth in the Asia Pacific region. Our new office in Sydney will allow for greater proximity to our trading partners and clients, and we look forward to working with them to build out a first-class offering.”
Frank D’Orazio, President, International Insurance added, “Allied World has been successful in both the Hong Kong and Singapore marketplaces by offering exemplary service and innovative risk solutions to our clients. We expect that our new Sydney branch will allow us to continue to advance that momentum in Australia.”
For more information on Allied World's Sydney branch office, please contact William Cotter directly at firstname.lastname@example.org.
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.
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.