Allied World Europe Launches Healthcare Liability: Healthcare Institution Medical Professional Liability, Healthcare Institution Medical Professional Liability and Public Liability PoliciesBy Allied World Assurance Company Holdings Ag, PRNE
Wednesday, October 5, 2011
ZUG, Switzerland, October 6, 2011 -
Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today Allied World Assurance Company (Europe) Limited’s formal launch of its UK and London Market Healthcare Liability line of business led by Rob Wendin, Vice President, European Healthcare. As part of the launch, Allied World Healthcare hosted a half day seminar to inform healthcare liability brokers of the new capabilities.
Initial product offerings include two sets of cover: stand-alone medical malpractice and medical malpractice combined with public liability via policy forms specifically crafted for today’s sophisticated and specialised healthcare liability insurance brokers and their clients.
These products are available to all types of healthcare organisations and were developed by leveraging Allied World’s extensive healthcare knowledge and expertise, “These products were created to address the unique needs of the healthcare industry which continues to be a core focus for Allied World globally” said Kirsten Faria, Senior Vice President, Bermuda and International Healthcare Manager.
In addition to comprehensive coverage protection, insureds have access to key risk management services available via Allied World’s strategic relationship with Beachcroft LLP, its Helpline provider.
Rob Wendin, said, “We have been able to tailor our coverage and services to the unique needs of UK and international healthcare organizations. We continue to focus our efforts on providing leading edge coverage solutions supported by risk management, claims and underwriting expertise.”
Worldwide coverage of up to £15 million in limits is available. Actual coverage will be subject to the policy as issued.
About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering 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. Please visit www.awac.com for further information on Allied World.
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 impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; 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.
VP, Marketing & Communications
Keith J. Lennox
Investor Relations Officer
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