ZUG, Switzerland, May 1, 2013 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Europe now offers primary UK Employers' Liability coverage in conjunction with its general liability insurance. This combined offering can be bought alongside its property and healthcare liability policies. The principal industries and sectors for this product are retail, manufacturing companies, consumer products, defence contractors, hotels and leisure.
Anthony Kashuba, Senior Vice President, General Casualty, commented, "The addition of employers' liability coverage allows us to offer comprehensive coverage to our clients. Risk management and claims service are key elements to our underwriting approach. We look forward to working with new and existing clients and brokers."
Mike Hoffmann, Chief Underwriting Officer, Bermuda & International Insurance, added, "We continually review our product offerings and are delighted to expand our capabilities by providing employers' liability cover. This additional product addresses a coverage gap that currently exists within our product suite and ensures we align ourselves with local market requirements. "
For more information about our new Employers' Liability capabilities, please contact Anthony Kashuba 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 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 impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; 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.
Sarah Doran, +1‐646‐794‐0590
SOURCE Allied World Assurance Company Holdings, AG