Allied World Assurance Co. Holdings AG announced it has launched three new professional liability products in Australia: Directors and Officers Liability Insurance, Architects and Engineers Professional Indemnity Insurance, and Miscellaneous Professional Indemnity Insurance.
The Miscellaneous Professional Indemnity Insurance products is designed primarily for professional services providers, such as interior designers, management consultants, advertising agents, educational institutes, accountants, technology firms, architects, surveyors and engineers of all disciplines, the company said in a statement.
Each product is targeted at Australian-domiciled small, medium and large companies and has a maximum capacity of A$10 million (US$7.5 million).
“The launch of these three primary policies represents the next step in Allied World’s journey towards becoming a highly recognized provider of Professional Liability products, solutions and claims service in the Australian market,” said Kym Beazleigh, vice president, Professional Liability, Australia.
Source: Allied World Assurance Co. Holdings
Topics New Markets Australia
Was this article valuable?
Here are more articles you may enjoy.
Allianz Unit to Cut as Many as 1,800 Jobs in Push to Adopt AI 
20 Years After Hurricane Katrina: Are Insurers Ready for a Different $100B Disaster? 
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation 
