Allied World Launches U.S. Surety Unit

February 27, 2013

Allied World Assurance Company Holdings, AG’s Allied World U.S. has expanded its casualty operations with the launch of a new surety line of business, available for clients in the United States. Robert Staples has been appointed senior vice president, surety, and will oversee the development of the new department.

Staples will be based in Philadelphia and will report directly to Lou Iglesias, president, U.S. Property & Casualty.

Staples has over 30 years of underwriting experience in the insurance industry. Prior to joining Allied World, he was vice president and product line manager for Environmental Surety at American International Group (AIG). Staples holds a Bachelor’s Degree in Business Management from the University of Michigan.

Allied World’s U.S. surety line will offer contract and commercial surety bonds, as well as environmental surety bonds, either on a standalone basis or in tandem with Allied World U.S.’s environmental insurance. The line will target middle market accounts with capacity of $20 million per single contract and $50 million per aggregate program. Higher limits are available based upon credit analysis.

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