Allied World Announces Fairfax WorldWideSM Multinational Initiative
ZUG, Switzerland–(BUSINESS WIRE)–
Allied World Assurance Company Holdings, GmbH announces the development
of a new multinational platform, called Fairfax WorldWideSM,
that operates across the portfolio of insurance companies of Fairfax
Financial Holdings Limited (“Fairfax”). The platform, which will be
rolled-out in phases, will enable the issuance of locally admitted
insurance policies using Fairfax subsidiary licensing capabilities and
other strategic partners. Fairfax WorldWideSM, which will be
modelled after Allied World’s existing Allied WorldWide® multinational
platform, will consist of a global cross-functional group of dedicated
people and a future leaning IT system. The platform will facilitate
collaboration across the entire Fairfax network to deliver global policy
placement services.
Karl Jordan, Senior Vice President of Fairfax WorldWideSM,
said, “Once fully implemented, Fairfax WorldWideSM will
provide us with the ability to collaborate across the Fairfax group of
companies to seamlessly and reliably issue locally admitted insurance
policies. Our global team is pleased to expand our network and leverage
our sister companies across the world to better serve our customers.”
The new Fairfax WorldWideSM brand and website launched on
December 12, 2018 as phase one of the initiative. For more information
on the products and services available, please visit www.fairfaxworldwide.com.
About Allied World
Allied World Assurance Company Holdings, GmbH, through its subsidiaries,
is a global provider of insurance and reinsurance solutions. We operate
under the brand Allied World and have supported clients, cedents and
trading partners with thoughtful service and meaningful coverages since
2001. We are a subsidiary of Fairfax, and we benefit from a worldwide
network of affiliated entities that allow us to think and respond in
non-traditional ways. Our capital base is strong, our solutions
anticipate rather than react to changing trends, and our teams are
focused on establishing long-term relationships that are mutually
beneficial. Learn more about how we can help you manage your risk by
visiting: Web: www.awac.com
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About Fairfax
Fairfax is a holding company, which, through its subsidiaries, is
engaged in property and casualty insurance and reinsurance and
investment management.