Allied World Announces the Introduction of an Enhanced Policy for Insurance Agents and Brokers
October 05, 2015 at 12:15 PM EDT
Allied World Assurance Company Holdings, AG announced today that Allied World North America has introduced an updated policy for insurance agents and brokers with expanded definitions and coverage.
“We have been committed to our insurance agency clients for many years. This improved product offers our clients updated coverage and retains the flexibility to customize their professional lines coverage to meet their specific needs,” commented Al Fantuzzi, Senior Vice President of North American E&O Division at Allied World.
“The insurance agents E&O industry is constantly evolving, especially as the use of technology increases. This new product and the related services provide coverage designed to protect insureds in the current environment,” said Michelle Girardin, Vice President, E&O Division at Allied World.
The revised product will also include Privacy and Network Security (SRVS) coverage with provisions specifically addressing those exposures.
For more information please contact: Michelle Girardin, Vice President, E&O Division at firstname.lastname@example.org.
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.
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.