Allied World News

High-Net Worth Insurer Vault Enters South Carolina

Vault, an insurer focused on the high net-worth personal insurance market, has officially opened for business in South Carolina. Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Vault’s business model, built …

Cyber Business Interruption Remains Area of Uncertainty for Insurance

Although the insurance industry may have had plenty of time to wrap its mind around managing physical property threats, what about the newly growing area of non-physical threats? Panelists at the 2018 PLUS Cyber Symposium, held in May in Chicago, …

Ex-AIG Execs Kick-Off New High Net Worth Insurer Vault in Florida

It was a no-brainer for former thought-leaders from AIG to set up shop for their new high net worth insurer in the Sunshine State, a state known for beautiful beaches, a growing economy and lots of wealthy individuals. A pull …

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 …