Allied World News

Allied World Launches Professional Liability Policy for Healthcare Consultants

Allied World Assurance Co. Holdings has launched a professional liability policy, offering coverage specifically designed to address the risks of health care consultants and companies that provide consulting services to healthcare facilities. This comprehensive protection includes contingent bodily injury coverage …

Allied World Appoints MacLeod as Australia Country Manager

Allied World Assurance Co. Holdings announced that Iain MacLeod has been appointed senior vice president, Country Manager, Australia. He will report to Michael Garrison, president, Asia Pacific. “Australia is a key market in the region, and Iain’s appointment will help …

Insurance Underwriters See Risks, Opportunities in Speeding Up Infrastructure Projects

“We’re going to cut a lot of red tape,” President Trump said at a CEO town hall meeting as he unrolled a long, colorful flow chart showing the process required for a state government to obtain the federal permits necessary …

Allied World Europe Launches UK Commercial Division

Allied World Assurance Co. Holdings AG has announced the launch of its UK Commercial Division. “Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial Division delivers just that — one application for a …

Soft Reinsurance Prices to Continue Until Year-End – at Least: Fitch

The soft pricing in the global reinsurance market will continue, at least, for the rest of the year, Fitch Ratings says. Fitch expects premium rates to continue declining as a result of large amounts of under-deployed capital and sluggish demand …

Allied World Expands Accounts Receivable Coverage, Adds Carson to Chicago Office

Allied World Assurance Company Holdings, has expanded its Accounts Receivable Insurance coverage to make it available in 49 states and Washington, D.C. The coverage is designed for chief financial officers and other senior financial executives to help mitigate the risk …

Allied World to Offer Drone Loss Control Services to Policyholders

Allied World North America has expanded its risk management offerings to policyholders to include access to discounted unmanned aerial systems (UAS) services through DataWing, a UAS service provider led by former U.S. Air Force fighter pilots that provides end-to-end options …

Fairfax Financial to Pay More Cash, Less Stock, for Allied World

Toronto-based insurance group Fairfax Financial Holdings Ltd. said it would increase the cash component of its offer to buy Allied World Assurance Co. Holdings AG by $18 per share. The increase in the cash component of the offer would reduce …

Allied World Launches 3 Professional Liability Products in Australia

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 …

Canada Pension Fund OMERS to Invest $1B in Fairfax’s Allied World Purchase

Ontario Municipal Employees Retirement System agreed to invest $1 billion to back the $4.8 billion acquisition by Prem Watsa’s Fairfax Financial Holdings Ltd. of insurer Allied World Assurance Co. The investment will give OMERS a 21 percent stake in Allied …