Allied World Asia-Pacific Launches Primary Professional Indemnity Coverage

Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World’s Asia-Pacific platform has launched Allied World Agility SM Primary Professional Indemnity, a new product developed exclusively for the Asia-Pacific marketplace. This new primary product provides comprehensive protection for professionals, incorporating an added function that allows insureds to aggregate losses when they have a significant number of small claims within a policy period.

Ed Moresco, Senior Vice President, Bermuda & International Product Line Manager, Professional Liability, commented, “Since commencing operations in Asia we have been committed to product innovation. The new professional liability product delivers substantive structural policy enhancements that will benefit our partners and clients. We believe the new product will provide customers with comprehensive primary professional indemnity coverage for commercial risks.”

Ben Howell, Vice President, Head of Professional Lines, Asia-Pacific, added, “Existing market professional liability policies are effective in responding to claims above a deductible threshold. However, they fail to recognise that commercial businesses may be equally impacted when smaller attritional losses reach an exceptional or abnormal level in a given year. This new product provides protection against larger claims and also responds to significant losses from multiple smaller claims.”

For more information on Allied World’s Agility SM Primary Professional Indemnity coverage, please contact Ben Howell at Ben.Howell@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.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: http://www.linkedin.com/company/Allied-World.

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX