J.P. Morgan Upgrades Allied World

November 14, 2011

Swiss-based Allied World Assurance Co Holdings — which maintains a major Bermuda presence — was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors today [Nov. 14].

The analysts currently have a $72.00 price target on the stock.

Allied World Assurance Company Holdings, Ltd. is a specialty insurance and reinsurance company that underwrites a diversified portfolio of property and casualty lines of business.

The company has three business segments. The US insurance segment includes the company’s direct insurance operations in the United States. Within this segment, it provides a diverse range of specialty liability products, with a particular emphasis on coverages for healthcare and professional liability risks. In addition, Allied World offers a selection of direct general casualty insurance and general property insurance products.

The international insurance segment includes the company’s direct insurance operations outside of the United States. It includes its operations in Bermuda, Europe and Asia.

The reinsurance segment includes the reinsurance of property, general casualty, professional liability, specialty lines and property catastrophe coverages written by other insurance companies.

Founded in Bermuda, Allied World later changed its domicile to Switzerland. Launched in 2001, Allied World Assurance Company originally consisted of four employees located in a small office in Hamilton.

Since then, the company has built a reputation as a strong supplier of insurance and reinsurance solutions from Bermuda and beyond.

Today, Allied World has offices in Atlanta, Bermuda, Boston, Chicago, Connecticut, Dublin, London, New York, San Francisco and Zug.

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