Allied World Assurance News

Aspen Grabs Ladeau, 3 Underwriters from Allied World for U.S. Cyber Team

Aspen U.S. Insurance is expanding its cyber team and has named Josh Ladeau, formerly with Allied World Assurance Co., as senior vice president for Cyber Risk. Ladeau will focus on the growing the cyber portfolio within Aspen’s U.S. Professional Liability …

3 New Members Elected to the Council of Lloyd’s

Lloyd’s have confirmed the election of three new members to the Council of Lloyd’s. Julian James and Neil Maidment were elected following a vote of working members of the Society of Lloyd’s and will serve a three year term. Philip …

Guinn and Luck Elected to Allied World Board of Directors

Allied World Assurance Company Holdings, AG announced that its shareholders have elected Patricia L. Guinn and Fiona E. Luck to the company’s Board of Directors at a special shareholder meeting to serve until the company’s annual shareholder meeting to be …

Allied World Top Backer of Puerto Rico Municipal Bond

Allied World Assurance Co. is the top backer of MatlinPatterson Global Advisers’ bets on Puerto Rico’s rebound, according to a person familiar with the arrangement. The insurer provided more than half of the $150 million that MatlinPatterson invested in the …

Allied World Appoints Evans Non-Executive Chairman of Lloyd’s Managing Agency

Allied World Assurance Company Holdings, AG announced that Jonathan Evans will join the board of directors and become the Non-Executive Chairman of Allied World Managing Agency Limited, its Lloyd’s managing agency, subject to U.K. regulatory approval. From May 2010 to …

Allied World Completes Acquisition of RSA’s Hong Kong, Singapore Units

Allied World Assurance Company Holdings, AG announced that it has completed the acquisitions of the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA), following the receipt of all necessary regulatory and court approvals. The acquisitions, …

Allied World Assurance to Take Stake in Blue Vista

Allied World Assurance Co. agreed to take a stake in private-equity firm Blue Vista Capital Management LLC in a push into real estate investing. The insurer will also invest $225 million of its portfolio with Blue Vista, Allied World said …

Allied World Europe Expands Professional Liability Team

Allied World Assurance Company Holdings, AG announced that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair as Vice President, European Financial Institutions and Nicholas Lee as Vice President, European …

Allied World: Dividend Increase; New Share Repurchases; 3 to 1 Stock Split

Allied World Assurance Company Holdings, AG announced that its shareholders approved the following proposals at the Annual Shareholder Meeting: An annual dividend increase of 35 percent, from $2.00 per share to $2.70 per share (pre-split). The new $2.70 dividend amount …

Allied World No. Am. Launches ‘ForceField’ Product Suite in Canada

Allied World Assurance Company Holdings, AG announced today the launch of its ForceField management liability product suite in the Canadian market. ForceField offers five coverage components including: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap …