Allied World North America Launches Online Small Business Umbrella Program with Great Point Insurance through UmbrellaPro®
June 30, 2016 at 16:00 PM EDT
Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World North America has teamed with Great Point Insurance to offer umbrella coverage in the U.S. and Canada for small businesses through their online portal, UmbrellaPro®. Designed for companies with less than $25 million in annual revenues, UmbrellaPro® provides 24/7/365 access for agents and brokers to quote, bind and issue policies for over 600 eligible classes of business. Limit options range from $5 to $25 million.
Derek Broaddus, Senior Vice President, Excess Casualty Division, Allied World U.S., commented, “In addition to being one of the nation’s top program administrators, Great Point Insurance brings an exciting new technology component to the table.”
Doug Burger, President and CEO of Great Point Insurance, said, “We built UmbrellaPro.com from the ground up to complement our new program with Allied World. A hyper competitive umbrella program that you can quote, bind and issue on demand will be a game changer for small business agents.”
To learn more about UmbrellaPro®, please visit www.umbrellapro.com or contact Great Point directly.
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.