Hashtag: #AlliedWorld
Allied World To Pay $0.375 Quarterly Dividend
Bermuda-based Allied World Assurance Company Holdings, AG has approved a quarterly dividend equal to $0.375 per share payable on March 12, 2013 to shareholders of record on March 5, 2013, subject to a required filing with the Swiss Commercial Register in Zug. The company’s transfer agent will make dividend payments in United States dollars. Related... Read more of this article
James Appointed President of AWAC Europe
Bermuda-based Allied World Assurance Company Holdings, AG has named Julian James President of Allied World’s European platform effective March 4, 2013, pending certain regulatory approvals. In his new role, Mr. James will be responsible for the strategic direction and underwriting performance of Allied World’s European insurance platform,... Read more of this article
Allied World Bermuda Launches ‘Constellation’
Allied World Bermuda has launched Constellation, a suite of five excess casualty coverage enhancements combined into one package that complements its current portfolio of excess casualty products. These enhancements will be added to follow-form occurrence policies issued by the Bermuda branch of Allied World Assurance Company Holdings, AG. Mike Hoffmann,... Read more of this article
Allied World, Crescent Capital Group Agreement
Bermuda-based Allied World Assurance Company Holdings, AG has struck an investment agreement between Allied World Financial Services, Inc., and Crescent Capital Group LP, a privately held asset management firm that specializes in public and private below investment grade assets spanning the entire credit capital structure. Under the terms of the transaction,... Read more of this article
Superstorm: Allied World Expect $165M Cost
Bermuda-based Allied World Assurance Company expects to record approximately $165 million in catastrophe related losses in the fourth quarter of 2012 related to Superstorm Sandy which struck the Atlantic coastline of the United States in late October. This amount is pre-tax and net of reinsurance recoverables and reinstatement premiums. President... Read more of this article
Allied World To Pay Quarterly Dividend
Allied World Assurance Company Holdings, AG has approved a quarterly dividend equal to $0.375 per share payable on December 26, 2012 to shareholders of record on December 18, 2012, subject to a required filing with the Swiss Commercial Register in Zug. The company’s transfer agent will make dividend payments in United States dollars. This dividend... Read more of this article
Allied World Reports Net Income Of $219.6M
Allied World Assurance Company Holdings, AG reported net income of $219.6 million [$6 per diluted share] for the third quarter of 2012 compared to a net loss of $11.0 million [$0.29 per diluted share] for the third quarter of 2011. Net income for the nine months ended September 30, 2012 was $534.2 million [$14.28 per diluted share] compared to net... Read more of this article
Allied World & MatlinPatterson Partnership
Bermuda-based Allied World Assurance Company Holdings, AG plans to expand its asset management business through the creation of a strategic partnership between MatlinPatterson and Allied World Financial Services Company, Inc., an Allied World subsidiary. Under the terms of the transaction, Allied World will become a minority owner of MatlinPatterson... Read more of this article
AWAC Launches Accountable Care Product
Allied World Assurance Company Holdings, AG has launched a new Accountable Care Organization Liability Solution product. Accountable Care Organizations (ACOs) are newly emerging healthcare organizations that are characterized by a payment and care delivery model that ties provider reimbursements to quality metrics and reductions in the total cost of... Read more of this article
Allied Expect $40M Loss From Drought
Bermuda-based Allied World Assurance Company Holdings, AG announced Wednesday [Oct 3] that as a result of the severe drought conditions in the Midwest United States, it expects to record approximately $40 million of crop reinsurance related losses and loss expenses in the third quarter 2012. This amount is in addition to the company’s anticipated... Read more of this article
Allied World To Pay Quarterly Dividend
Bermuda-based Allied World Assurance Company Holdings has approved a quarterly dividend equal to $0.375 per share payable on September 25, 2012 to shareholders of record on September 18, 2012, subject to a required filing with the Swiss Commercial Register in Zug. The company’s transfer agent will make dividend payments in United States dollars.... Read more of this article
Allied World Marine General Liability Program
Allied World U.S. and the Capacity Marine Corporation have entered into an agreement to provide a Marine General Liability (MGL) program. The program is designed to insure risks which are not often covered by traditional property/casualty insurance policies and may not be covered by industry-specific marine policies. Grace Meek, Senior Vice President,... Read more of this article
