Allied World Assurance Company News

Allied World Offers D&O Policy in Canada, Addressing Coverage Gaps

Allied World North America has launched the Executive ForceFieldproduct, a policy specifically developed to address coverage gaps for directors and officers of publicly traded companies in the Canadian market. This upgraded side ‘A’ directors & officers excess and lead difference-in-conditions …

Allied World to Acquire RSA’s Hong Kong, Singapore Operations

Allied World Assurance Company Holdings, AG announced that one of its operating units, Allied World Assurance Company, Ltd. has reached definitive agreements to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately …

Allied World Reports $151.9 Million Q2 Net Income

Allied World Assurance Company Holdings, AG reported net income of $151.9 million, or $1.52 per diluted share, for the second quarter of 2014 compared to a net loss of $1.9 million, or $0.02 per diluted share, for the second quarter …

Cotter to Head New Allied World Office in Sydney, Australia

Allied World Assurance Company Holdings, AG announced the opening of a new branch office of Allied World Assurance Company, Ltd in Sydney, Australia “to further expand distribution networks in the Asia Pacific region.” Allied World appointed William Cotter, Executive VP …

Allied World Bermuda Launches the Thirty2°/Sixty4 Suite

Allied World Assurance Company Holdings, AG announced the launch of a Bermuda’s “Thirty2°/Sixty4°” suite that addresses a wide range of liability exposures currently facing corporations and their executives and employees. The suite offers five primary coverage components: Directors & Officers …

Müller to Head New Allied World Europe Onshore Construction Unit

Allied World Europe has launched an Onshore Construction insurance line of business and appointed Alf Müller as senior vice president to lead the team. He will be responsible for building the line of business and developing a comprehensive Onshore Construction …

Allied World Posts $177 Million Q1 Net Income; Underwriting, Investment Gains

Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the first quarter of …

Allied World Approved to Launch New Managing Agency at Lloyd’s

Allied World Assurance Company Holdings, AG announced that it has received approval from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) to establish its own Lloyd’s managing agent, Allied World Managing Agency Limited, effective April 1, …

Allied World Europe Appoints Graham VP – Mergers and Acquisitions

Allied World Assurance Company Holdings, AG has announced that Allied World Europe has appointed Andrew Graham Vice President, Mergers and Acquisitions. He will oversee the strategy, underwriting and marketing of Allied World Europe’s warranty and indemnity, tax liability, special situation/contingent …

Allied World Appoints Doran Sr. VP Investor Relations and Treasurer

Allied World Assurance Company Holdings, AG announced from its headquarters in Switzerland that Sarah Doran has been appointed Senior Vice President, Investor Relations and Treasurer. She will be based in Allied World’s New York office and will report directly to …