Hashtag: #AlliedWorld
Allied World Bermuda Thirty2°/Sixty4° Suite
Allied World Assurance Company Holdings, AG has launched theAllied World Bermuda’s Thirty2°/Sixty4°℠ suite that addresses a wide range of liability exposures currently facing corporations and their executives and employees. The Thirty2°/Sixty4° suite offers five distinct primary coverage components: Directors & Officers Liability, Employment... Read more of this article
Allied World Approve 35% Dividend Increase
Allied World Assurance Company Holdings, AG confirmed that its shareholders approved the following proposals at the Annual Shareholder Meeting: An annual dividend increase of 35%, from $2.00 per share to $2.70 per share (pre-split). The new $2.70 dividend amount is on a pre-split basis and the annual amount after the stock split takes place will be... Read more of this article
Allied World Q1 2014 Net Income: $177.0 million
Allied World Assurance Company Holdings, AG reported net income of $177.0 million, or $5.23 per diluted share, for the first quarter of 2014 compared to net income of $159.0 million, or $4.49 per diluted share, for the first quarter of 2013. The company reported operating income of $129.9 million, or $3.84 per diluted share, for the first quarter of... Read more of this article
Allied World Bermuda Donates Wheelchairs
Allied World Bermuda recently purchased and donated wheelchairs from Medical House, Ltd. to healthcare organizations throughout the island. Medical House was founded in 1995 and is a business that helps offer comfort and quality of life to the ill and elderly. Lorraine Rest Home, Matilda Smith Williams Seniors Residence, the Dialysis Unit at King Edward... Read more of this article
Allied World Opens Branch Office in Canada
Allied World Assurance Company Holdings, AG will be opening a branch office in Toronto, Ontario to further expand its North American insurance operations. Gord Kerr has been appointed Senior Vice President, Chief Agent & Branch Manager for the region. President and Chief Executive Officer Scott Carmilani commented, “Opening an office in Canada... Read more of this article
Allied World Bermuda’s Staff Promotions
Allied World Assurance Company, Ltd. today [Mar 25] announced the following promotions for its Bermuda‐based staff. These promotions are effective immediately, pending immigration approval where necessary. Frank D’Orazio, President of Allied World’s Bermuda & International insurance platform, commented, “We are pleased to announce promotions... Read more of this article
50 Allied World Staff Sign Up For Pulse Program
The pulses are racing at Allied World, a global insurance and reinsurance company with Bermuda operations, after it committed to signing up for a new health and wellness programme. Almost 50 staff at Allied World’s Bermuda office, which is based on Richmond Road, in Hamilton, have signed up to the Virgin Pulse programme, brought to Bermuda by the... Read more of this article
Allied World Upgrades Executive ForceField
Allied World Assurance Company Holdings, announced that Allied World Bermuda has upgraded its Executive ForceField® policy to provide enhanced coverage for the protection of directors and officers of public companies. The company said, “This upgraded Side ‘A’ Directors & Officers Excess and Lead Difference-in-Conditions insurance policy... Read more of this article
Allied World To Pay $0.50 Quarterly Dividend
Allied World Assurance Company announced that it has approved a quarterly dividend equal to $0.50 per share payable on April 3, 2014 to shareholders of record on March 25, 2014. The company’s transfer agent will make dividend payments in United States dollars. The amount of the payment in Swiss francs will be based on the USD/CHF exchange rate... Read more of this article
Allied World Proposes 35% Dividend Increase
Allied World Assurance Company Holdings, AG announced that in its recently filed Preliminary Proxy Statement with the U.S. Securities and Exchange Commission, the company’s Board of Directors has proposed the following: An annual dividend increase of 35%, from $2.00 per share to $2.70 per share. The company’s dividend payments will be... Read more of this article
Allied World Report Q4 Net Income Of $137.9M
Allied World Assurance Company Holdings, which maintains a large Bermuda presence, reported net income of $137.9 million, or $4.01 per diluted share, for the fourth quarter of 2013 compared to a net loss of $41.1 million, or $1.17 per diluted share, for the fourth quarter of 2012. Net income for the year ended December 31, 2013 was $417.9 million, or... Read more of this article
Jason Pugi Joins Allied World Bermuda As VP
Allied World Assurance Company, Ltd announced today [Feb 3] that Jason Pugi has joined Allied World Bermuda as a Vice President, General Casualty. He will be part of the team led by Patrick Kenahan, Senior Vice President, Bermuda Branch Manager for General Casualty. Last year, Mr. Kenahan brought Kimberly Pursell, Vice President and Michael Watkins,... Read more of this article
Allied World To Pay $0.50 Quarterly Dividend
Allied World Assurance Company Holdings has approved a quarterly dividend equal to $0.50 per share payable on January 2, 2014 to shareholders of record on December 24, 2013. The company’s transfer agent will make dividend payments in United States dollars. The amount of the payment in Swiss francs [CHF] will be based on the USD/CHF exchange rate... Read more of this article
Allied World Europe Appoints Denis Burniston
Allied World Assurance Company Holdings, AG announced today that Denis Burniston has been appointed Senior Vice President, General Casualty for Allied World Europe to lead the company’s primary casualty operation in London. In this new role, Mr. Burniston will be responsible for developing Allied World Europe’s primary casualty book of business,... Read more of this article
A.M. Best Revises Allied World To Positive
Rating Company A.M. Best Co. has upgraded the issuer credit ratings [ICR] to “a+” from “a” and affirmed the financial strength rating [FSR] of A [Excellent] of Allied World Assurance Company Ltd. [Allied World] and its operating affiliates. The outlook for the ICRs has been revised to stable from positive, while the outlook for the FSR is stable. A... Read more of this article
Allied World Europe Launches Marine Insurance
Allied World Assurance Company Holdings announced that Allied World Europe has launched a new Marine insurance line of business. Bart Grefe has been appointed Vice President, Marine Underwriting Manager, to lead the team. Mr. Grefe will be responsible for building the line of business and developing a comprehensive Marine product suite. The team will... Read more of this article
