Allied World Launches Accounts Receivable Insurance in the United States
June 15, 2016 at 15:00 PM EDT
Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Accounts Receivable Insurance is now available in the United States in addition to Canada, effective immediately. This coverage assists CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or insolvency, and provides certainty around their companies’ balance sheets.
Accounts Receivable Insurance is the newest addition to Allied World’s Global Crisis Management product suite, of which Product Recall, Structured Trade Credit, and Political Risk coverage are already offered on a global basis.
Todd Germano, Executive Vice President, Allied World Global Crisis Management Division, commented, “As part of our overall Global Crisis Management vision and strategy, we are very pleased to bring Accounts Receivable Insurance to the U.S. market.”
Kent Paisley, Senior Vice President of the Global Crisis Management Division, added, “We are excited to move forward and have our global team of product experts in place, including Glenn Robins, Vice President, Accounts Receivable Insurance, in Los Angeles, Nick Hedley, Senior Vice President, Global Crisis Management Division, in London, and Francisco Cuevas, Vice President, Structured Trade Credit, in New York.”
For more information on Allied World’s Accounts Receivable Insurance offerings for the U.S., please contact Glenn Robins at Glenn.Robins@awac.com.
For more information on Allied World’s Accounts Receivable Insurance offerings for Canada, please contact Kent Paisley at Kent.Paisley@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 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.