Allied World Launches Product Recall Insurance
Allied World Assurance Company Holdings, AG announced that its Product Recall insurance products are available in Canada and the United States, as part of the Global Crisis Management Division.
The Product Recall insurance offers both First Party and Third Party coverage and it allows clients to mitigate the risk of recall expenses, adverse publicity and damage to brand reputation, business interruption costs and insureds’ defense costs.
Todd Germano, Executive Vice President, Allied World Global Crisis Management Division, commented, “We’re delighted to bring this important coverage to the North American market. Our specialized underwriting approach allows us to provide product recall coverage solutions to meet clients’ needs.”
Tom Mangan, Vice President, Product Recall, is an industry veteran with over 30 years of insurance experience. He will lead the product recall underwriting team and serve Canada and the United States from Allied World’s New York office.
“We have great bench strength on our team and clients can reach out directly to myself or Sean O’Dea, Underwriter, Product Recall, to learn more about how these products can help provide financial protection for their business.”
