Allied World U.S. Launches New Division
Allied World Assurance Company Holdings, AG announced that Allied World U.S. has expanded its Professional Lines operations with the launch of a new Mergers & Acquisitions (M&A) division.
Initial product offerings for this division include: Representations and Warranties Insurance, Loss Portfolio Transfers, Loss Mitigation Insurance/Litigation Buy-outs, Tax Opinion Liability, and Specific Contingency Insurance. Jeff Anderson, Vice President, has been appointed to oversee the new division. He will be based in Allied World’s New York office.
John McElroy, President, Professional Lines, commented “Despite current economic conditions, M&A activity has been on the rise in the U.S. over the past several years and the demand for adequate coverage is growing. Errors that occur during corporate financial transactions can be extremely costly to all parties involved. We have a seasoned M&A unit in the United Kingdom and Jeff will utilize our experienced domestic Allied World M&A resources to provide the same level of protection to our clients in the U.S.”
Mr. Anderson has over 16 years of experience in the insurance industry. He received his Juris Doctorate degree from William Mitchell College of Law in St. Paul, Minnesota. Prior to his current role, Mr. Anderson was Vice President, Professional Lines, responsible for the underwriting, marketing, production and distribution for Public Company Directors & Officers Insurance, Fiduciary Liability Insurance and Employment Practices Liability Insurance. Prior to joining Allied World, he was Senior Vice President at Willis overseeing a suite of Management Liability insurance products.
