Allied World North America Launches New Allied World Miscellaneous Medical Suite Package Solution

ZUG, Switzerland--()--Allied World Assurance Company Holdings, AG announced today that Allied World North America has launched a new package product solution for miscellaneous medical facilities. The Allied World Miscellaneous Medical Suite℠ offers medical malpractice, management liability, and privacy and network security coverage.

The Suite’s medical malpractice coverage for miscellaneous medical facilities offers professional liability, general liability (claims made and occurrence) and additional coverage for sexual misconduct, disciplinary proceedings, lost earnings and medical payments. Management liability includes directors and officers, employment practices and fiduciary liability coverages, antitrust exposures, third party liability and outside directorship liability. Privacy and network security offers coverage for liability and expenses associated with the compromise of sensitive information and information systems, and provides up to the full limit coverage for regulatory defense, fines and penalties (if insurable). Additionally, the product provides notification and credit monitoring costs coverage for a number of individuals, as well as access to breach response vendors such as Lewis Brisbois Bisgaard & Smith, LLP, AllClearID and NetDiligence, who have successfully handled thousands of data breach cases.

Susan Chmieleski, President, Healthcare, Allied World North America commented, “In the current healthcare environment, companies and executives face a host of new risks and challenges. Our comprehensive suite of products offers the highest level of protection across a broad spectrum of exposures faced by miscellaneous medical facilities. The suite of products makes buying insurance protection flexible and easy, coordinates coverage to address key coverage needs, and simplifies claims handling in the event of a claim. Policyholders also have access to industry-leading risk management services for each of the coverages.”

For more information on the miscellaneous medical suite, please contact David Imhoff, Miscellaneous Medical Product Lead, at (678) 704-8404, or visit our website at www.alliedworldinsurance.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 [AA- by] 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, +1-646-794-0544
Assistant Vice President & Director of Public Relations
noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations & Treasurer
sarah.doran@awac.com

Release Summary

Allied World Launches New Coverage for Misc Med Facilities

Contacts

Allied World Assurance Company Holdings, AG
Media:
Noelle Campbell, +1-646-794-0544
Assistant Vice President & Director of Public Relations
noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations & Treasurer
sarah.doran@awac.com