Allied World North America Adds Excess D&O to Its ForceField® Product Suite in Canada
ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG announced today that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market. The Excess D&O product joins Allied World’s ForceField® that offers five distinct coverage components including: Primary Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage and Kidnap & Ransom/Extortion Coverage. The new Excess D&O product will be available for public companies as well as for private and not-for profit companies.
Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada commented, “We remain committed to building a comprehensive suite of specialty products tailored for the Canadian market. The addition of the Excess D&O product helps to fill a void in the current marketplace. The ForceField product suite, which allows clients the flexibility to customize their primary coverage, has been well received thus far. We will continue to work with our dedicated claims specialists and broker partners to provide our mutual clients with the exemplary service they have come to expect from Allied World.”
For more information on Allied World’s new Excess D&O product in Canada, please contact Kent Paisley direct at firstname.lastname@example.org or Michael Shore, Vice President, Professional Lines at email@example.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.
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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.