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TheStreet Open House

Allied World Launches Multinational Product Initiative

Stocks in this article: AWH

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today the official launch of Allied WorldWide SM, a newly created platform designed to meet the insurance coverage needs of multinational clients.

Allied WorldWide was designed to improve the buying process that multinational companies face when purchasing insurance protection for worldwide locations. It offers key types of coverage to address a variety of needs, is flexible and customizable, and aligns with local legislation, customs and regulations. Further, customers will have access to a single “point of contact” with respect to their coverage and to global teams of underwriting and claims contacts with local market expertise.

Allied WorldWide will offer Directors & Officers, Employment Practices Liability (EPL), Excess Casualty, Primary Foreign Casualty, and Environmental Liability, which will be available through Allied World’s branch office locations in the United States, Bermuda, Europe and Asia.

Allied WorldWide is led by Todd Germano, Executive Vice President, Managing Director, Allied World Assurance Company, AG. Mr. Germano commented, “Our multinational offering has been expertly crafted to provide meaningful protection that addresses typical multijurisdictional challenges such as currency, regulatory, insurance and language differences worldwide. Allied WorldWide can serve as the single-source insurance carrier offering one program that covers several exposures for a client.”

For more information on Allied WorldWide, please visit www.awac.com/alliedworldwide or contact Mr. Germano directly at todd.germano@awac.com.

About Allied World

Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch.

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