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Allied World North America and the American Professional Agency Launch Program for Social Workers

Allied World Assurance Company Holdings, AG announced today that Allied World North America and the American Professional Agency, Inc. (the “APA”) have launched a new insurance program for social workers that provides professional liability and general business liability coverage, as well as coverage for defense expenses related disciplinary and licensing to proceedings. This new program is designed for social workers who hold MSW, DSW, MA or MS degrees in the field of social work from an accredited school or social workers who hold a BSW degree and are supervised by a professional with a master’s degree or higher in the mental health field. Enhanced coverage highlights include:

  • Medical Payments Coverage
  • Emergency Aid Expenses Coverage
  • First Party Assault or Battery Coverage

Grace Meek, Senior Vice President, Programs, Allied World North America commented, "Our new social workers program is the latest in a suite of products developed by Allied World and the APA specifically for mental health professionals. We have worked with the APA for several years now developing tailored comprehensive coverage for practitioners in the field of mental health. The APA has an excellent reputation in the industry and we are proud that they have chosen us to work with them once again.”

Richard C. Imbert, President, of the APA commented, "Allied World has an excellent reputation for delivering first class coverage to mental health professionals at competitive rates. As the oldest and largest writer of social workers’ professional liability insurance in the country, we are pleased to expand our relationship with them by launching an enhanced program tailored to meet the ever changing professional liability needs of social workers."

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 AA- by 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 adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; 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.

Contacts:

Allied World Assurance Company Holdings, AG
Media:
Noelle Campbell, +1-646-794-0544
Assistant Vice President, Director of Public Relations
Noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
Faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations and Treasurer
Sarah.doran@awac.com
Website: www.awac.com

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