ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that its suite of Trade Credit & Political Risk insurance products are available in Canada, as part of the Global Crisis Management Division. This coverage helps clients mitigate the risk of non-payment due to customer insolvency, protracted default and/or international political risk.
This product helps provide certainty around a company’s balance sheet by protecting accounts receivable against customer default with competitive and customizable policy features.
Todd Germano, Executive Vice President, Head of the Global Crisis Management Division, commented, “We’re pleased to bring this important coverage to the Canadian market. Our specialized approach allows us to craft solutions on a structured or short-term basis, tailoring coverage to meet client needs.”
Kent Paisley, Senior Vice President, Global Crisis Management Division, commented, “As global economies become more complex and interconnected, it’s prudent for companies to protect their balance sheets from the risk of non-payment and other critical financial risks.”
Mr. Paisley, an industry veteran with over 25 years of trade credit insurance experience, leads this product group and will serve Canada from Allied World’s Toronto offices.
For more information on Allied World’s trade credit offerings for Canada, please contact Kent Paisley 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 AA- by 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.