Allied World News

Allied World Launches Product Recall Insurance in North America

Allied World Assurance Company Holdings, AG has added product recall insurance products for the U.S. and Canada through its Global Crisis Management Division. The product recall insurance offers both first party and third party coverage and it allows clients to …

Allied World’s Q1 Investment Income Rises 20%; Combined Ratio Worsens to 96%

First, the good news about Allied World’s 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a downward trajectory compared to the same period in 2015, …

Allied World Offers Trade Credit & Political Risk Products in Canada

Allied World Assurance Company Holdings AG announced 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 …

Allied World Global Markets Appoints Lisi to Augment Healthcare Team

Allied World Assurance Company Holdings AG announced that Allied World Global Markets has expanded its healthcare team with the appointment of Emma Lisi as assistant vice president. She will be based in Allied World’s London office. Lisi has over 13 …

Allied World Enhances Policy for Insurance Agents & Brokers

Allied World North America has introduced an updated policy for insurance agents and brokers with expanded definitions and coverage. According to Al Fantuzzi, senior vice president of the North American E&O Division at Allied World, the new product offers clients …

13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …

Allied World Enhances Professional Risk-Transfer Product

Allied World North America has introduced an enhanced professional risk-transfer organization (PRO) professional liability product. The product offers greater flexibility and a more responsive design, enabling clients to select and use only the coverages they need by choosing from an …

Allied World Launches New Cyber Risk Assessment, Mitigation Service

Allied World North America has launched Allied World // FrameWRX, a prescriptive and proactive cyber risk management program designed to help companies to address their exposures. This new offering provides Allied World’s Privacy // 403 SRVS and Privacy // 403 SRVS …

Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M

Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share, for the first quarter of 2015 compared to net income of $177.0 million, or $1.74 per diluted share, for the first quarter of 2014. The …

Allied World Offers Product to Airbus’ Customers With Runway Safety System

Allied World Europe and Airbus have entered into a relationship whereby Allied World will offer complimentary aircraft hull insurance to airlines that purchase Airbus’ Runways Overrun Prevention System (ROPS). ROPS is an innovative, performance-based alerting system that assists in preventing …