Allied’s New Mergers & Acquisitions Coverage
Allied World Assurance Company Holdings, AG announced that Allied World North America has expanded its professional lines business with the launch of a new Mergers & Acquisitions (M&A) line for the Canadian market. Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada, will be the point of contact for the Canadian M&A business. He is based in Allied World’s Toronto office. The initial product offerings for this line of business in Canada include:
- Representation and Warranty Insurance
- Tax Opinion Liability
- Specific Contingency Insurance
- Loss Portfolio Transfers
- Loss Mitigation Insurance/Litigation Buyout
Lou Iglesias, President, Allied World North America, commented, “M&A activity is on the rise and our suite of products addresses the full spectrum of risks that may be identified during negotiations. This latest launch builds on our ongoing commitment to creating a portfolio of specialty lines tailored to meet the unique exposures of our clients in Canada. Our team has extensive insurance industry experience and experience working directly on M&A transactions in the country.”
