April 29, 2014 15:36 UTC

Allied World North America Launches the ForceField® Product Suite for Private Companies and Not-For-Profit Organizations in Canada

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG announced today the the launch of its ForceField® management liability product suite in the Canadian market. ForceField offers five distinct coverage components including: Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Crime Coverage, and Kidnap & Ransom/Extortion Coverage. These package products are available for private companies and not-for-profit organizations. Clients have the ability to purchase an entire package of comprehensive coverages or combine only the elements that are essential for their needs with the option to choose separate or shared limits among these coverages.

Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada commented, “The ForceField product suite, originally offered through Allied World’s U.S. offices, has been tremendously successful with our insureds. ForceField empowers clients to combine coverages and critical risk management services to accommodate their specific needs, all with the convenience of a single application and underwriter.”

Bobby Bowden, Executive Vice President & Chief Marketing Officer for Allied World, added, “We are committed to building a robust product offering in Canada and the roll-out of our well-respected ForceField product suite is the first step in our commitment to the market. I look forward to working with Kent on the further development of this business line.”

For more information on Allied World’s ForceField product suite in Canada, please contact Kent Paisley direct at kent.paisley@awac.com or Michael Shore, Vice President, Professional Lines at michael.shore@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 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 & Treasurer
sarah.doran@awac.com


Source: Allied World Assurance Company Holdings, AG