Latest Allied World Headlines
All the headlines from our Allied World Topic Page, ordered by recency.
Claims Exec Who Defrauded Allied World Insurance Ordered to Prison, Pay $1.2M
Jan 30 2025 // James Keating of Paoli, Pennsylvania, has been sentenced to 20 months of imprisonment, followed by three years of supervised release, for defrauding his former employer of more than $1.4 million. Keating was an assistant...
Allied World Policy Doesn’t Cover Troubled Sperm Bank’s Lawsuits, Court Says
Dec 26 2024 // At what point does a demand from an injured party constitute an insurance claim? In the case of a Georgia-based sperm bank, it’s when the injured party sends the letter – a date that came before the clearly worded...
Markets/Coverages: MGA Aqueous Secures Capacity Deal With Allied World and Sompo
Nov 22 2024 // Aqueous Underwriting, the London-based MGA, has secured major new capacity in a three-year deal with A+ rated insurers Allied World and Sompo. The move to a syndicated capacity arrangement provides the MGA with the...
Former Exec Keating Pleads Guilty to Scamming Allied World Insurance for $1.5M
Jul 31 2024 // A former insurance executive has pleaded guilty to defrauding his former employer, Allied World Insurance Co., of $1.5 million in a scheme involving a shell company, bogus invoices, and vendor kickbacks. James Keating of...
People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead
Jun 11 2024 // Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry Practices Stephen Buonpane Everest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created...
Allied World Sells Majority Stake in High-Net Worth Insurer Vault
Nov 18 2020 // Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net worth insurer Vault E&S Insurance Co. to private equity investor Cornell...
James River Names Former Allied World Executive D’Orazio as CEO, Succeeding Abram
Oct 29 2020 // James River Group Holdings Ltd. announced that Frank D’Orazio has been named chief executive officer of the company, effective Nov. 2, 2020. J. Adam Abram, the company’s founder and current CEO will retire on...
Sompo International Hires Allied World’s James to Run International Insurance Business
Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...
Allied World CEO Carmilani Moves to New Role at Fairfax; Iglesias Named His Successor
Jul 18 2019 // Scott Carmilani, the founder and CEO of Allied World, has moved to a new role Fairfax Insurance Group, which aims to promote organic growth and collaboration initiatives across the company’s global insurance and...
Ex-AIG Execs Kick-Off New High Net Worth Insurer Vault in Florida
Mar 27 2018 // It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A...
A.M. Best Affirms Allied World’s Ratings
Dec 22 2017 // Ratings agency A.M. Best has removed Allied World Assurance Co. Ltd. and its divisions from their status as “under review with negative implications” and affirmed Allied World’s financial strength rating...
Allied World Launches Professional Liability Policy for Healthcare Consultants
Dec 13 2017 // Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to...
Allied World Appoints MacLeod as Australia Country Manager
Dec 6 2017 // Allied World Assurance Co. Holdings announced that Iain MacLeod has been appointed senior vice president, Country Manager, Australia. He will report to Michael Garrison, president, Asia Pacific. “Australia is a key...
Allied World Adds Phishing Assessments to Cyber Risk Management Platform
Nov 1 2017 // Allied World Assurance Company Holdings, GmbH, has added a new service to the Allied World//FrameWRX cyber risk management product through Symantec Corporation’s Cyber Division. The new service provides Allied...
S&P Lowers Ratings of Allied World After Acquisition by Fairfax; Outlook Stable
Jul 10 2017 // S&P Global Ratings lowered its long-term counterparty credit and senior debt ratings on Allied World Assurance Co. Holdings AG to ‘BBB-‘ from ‘BBB+’, following the completion of the...
Fairfax Financial Completes $4.9 Billion Acquisition of Allied World
Jul 6 2017 // Fairfax Financial Holdings Ltd., the Toronto-based investment and insurance company, has successfully completed its acquisition of Allied World Assurance Co. Holdings, for US$4.9 billion – marking the company’s...
Arkansas Insurance Regulators OK Allied World, Vantapro Specialty Acquisition
Jun 19 2017 // The Arkansas Insurance Department has approved the acquisition of two domestic affiliated companies, Allied World Surplus Lines Insurance (AWSLIC) and Vantapro Specialty Insurance Co., by Swiss and Canadian...
People – Midwest
Jun 5 2017 // Privately owned insurance brokerage firm, Hylant, has promoted Jeff Lumpp to president of its Grand Rapids, Mich., office. Lumpp will be responsible for building greater brand awareness, growing the Hylant business in West...
Allied World Europe Launches UK Commercial Division
May 30 2017 // Allied World Assurance Co. Holdings AG has announced the launch of its UK Commercial Division. “Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial Division...
Allied World Expands Accounts Receivable Coverage, Adds Carson to Chicago Office
May 4 2017 // Allied World Assurance Company Holdings, has expanded its Accounts Receivable Insurance coverage to make it available in 49 states and Washington, D.C. The coverage is designed for chief financial officers and other senior...
