Allied World Europe Launches UK Commercial Division
ZUG, Switzerland–(BUSINESS WIRE)–
Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced
the launch of its UK Commercial Division, which allows businesses to
purchase a single product or a combination of different coverages to
meet their particular needs.
Julian James, President, Global Markets, said: “At Allied World, we put
our customer first, developing offerings that best address the risks
they face. Our clients tell us they need simple, affordable and flexible
insurance solutions and our UK Commercial Division delivers just that —
one application for a range of covers and a single point of contact for
underwriting and claims to enable a swift and accurate response to any
queries that might arise.”
As part of the creation of this new division, Darren Rowe has been
appointed as Vice President, Head of UK Commercial Division. Mr. Rowe
has 28 years of experience in the insurance industry, having held senior
positions in several international broking houses. He joins Allied World
from Arthur J. Gallagher & Co. (“AJG”), where he was a Client and
Markets Director in the Market Management team. Prior to this role, he
led Broking and Placement for the UK Retail Division at AJG.
The UK Commercial Division will be led by Mr. Rowe, alongside Alan
Thorne (Vice President, UK Sales & Underwriting Manager) and Dawn
Zacharow (Vice President, UK Underwriting Manager).
Alan Thorne said: “We are delighted that we can now provide clients with
peace of mind regarding their coverage, leaving them free to focus on
running their business. We also know this product is something that
brokers have been asking for over a number of years, as it will help
raise awareness of complementary coverages as well as provide a
“catch-all solution” for clients.”
The main products covered by the UK Commercial Division are Commercial
Combined, Property Owners, Contractors All Risks and Combined Liability.
Please contact alan.thorne@awac.com,
dawn.zacharow@awac.com or darren.rowe@awac.com
for more information.
ENDS
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.
Please visit the following for further information on Allied World: Web: www.awac.com |
Facebook: www.facebook.com/alliedworld |
LinkedIn: https://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 the occurrence of any
event, change or other circumstances that could give rise to the
termination of the proposed acquisition by Fairfax Financial Holdings
Limited (“Fairfax”); the failure to satisfy other conditions to
completion of the proposed acquisition, including receipt of regulatory
approvals; risks that the proposed acquisition disrupts our current
plans and operations; the ability to retain key personnel; the ability
to recognize the benefits of the proposed acquisition; the amount of the
costs, fees, expenses and charges related to the proposed acquisition;
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.