Allied World North America and WKFC Launch Special Event Liability Program
ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG announced today that Allied World North America and WKFC Underwriting Managers have launched a special event liability program that can cover a wide variety of risks in all 50 U.S. states. The new program is targeted to address the duration of an event for up to a period of 12 months. Available coverages include: commercial general liability, liquor liability and spectator liability.
“WKFC and the Ryan Specialty Group couldn’t be more pleased about our relationship with Allied World. This now enables us to offer our clients a broad array of General Liability and Liquor Liability coverage’s in the Special Events arena through a highly ranked insurance carrier.”
Grace Meek, Senior Vice President, Programs, Allied World North America commented, "This latest program launch is another demonstration of our continued commitment to address evolving risks in the U.S. market. Special event insurance is one of the most responsible decisions you can make when planning an event, given the amount of time and energy put into execution. We collaborated with WKFC to provide this unique coverage because of their expertise in this area. I look forward to working with them personally to build this book of business.”
Adam Schnell, EVP, Casualty Practice, WKFC Underwriting Managers added, “WKFC and the Ryan Specialty Group couldn’t be more pleased about our relationship with Allied World. This now enables us to offer our clients a broad array of General Liability and Liquor Liability coverage’s in the Special Events arena through a highly ranked insurance carrier.”
For more information on this program, please contact Adam Schnell 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.
About WKFC Underwriting Managers
WKFC Underwriting Managers was acquired by Ryan Specialty Group, LLC (RSG) on April 3, 2012. RSG consists of a wide range of highly specialized MGUs/MGAs, a wholesale brokerage and a Lloyd’s insurer. RSG also provides specialized services for agents, brokers and insurers and is dedicated to providing insurance solutions for hard to place risks. Founded in 1994, WKFC has grown significantly by supporting the diverse needs of their wholesaler clients. As one of the premier managing general agents in the excess & surplus arena of Insurance products, they are committed to offer clients leading edge products and services in today’s changing marketplace.
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.