AWAC Launches Multinational Product Initiative
Allied World Assurance Company Holdings – which maintains a major Bermuda platform – announced the official launch of Allied WorldWideSM, a newly created platform designed to meet the insurance coverage needs of multinational clients.
Allied WorldWide was designed to improve the buying process that multinational companies face when purchasing insurance protection for worldwide locations. It offers key types of coverage to address a variety of needs, is flexible and customizable, and aligns with local legislation, customs and regulations. Further, customers will have access to a single “point of contact” with respect to their coverage and to global teams of underwriting and claims contacts with local market expertise.
Allied WorldWide will offer Directors & Officers, Employment Practices Liability [EPL], Excess Casualty, Primary Foreign Casualty, and Environmental Liability, which will be available through Allied World’s branch office locations in the United States, Bermuda, Europe and Asia.
Allied WorldWide is led by Todd Germano, Executive Vice President, Managing Director, Allied World Assurance Company, AG. Mr. Germano commented, “Our multinational offering has been expertly crafted to provide meaningful protection that addresses typical multijurisdictional challenges such as currency, regulatory, insurance and language differences worldwide. Allied WorldWide can serve as the single-source insurance carrier offering one program that covers several exposures for a client.”
