Allied World North America Launches Mergers & Acquisitions Coverage for the Canadian Market
29 October 2014 - 6:30PM
Business Wire
Allied World Assurance Company Holdings, AG (NYSE:AWH) announced
today 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.”
For more information about our current suite of M&A products
in Canada, please contact Kent Paisley at
kent.paisley@awac.com.
About Allied World
Allied World Assurance Company Holdings, AG, through its
subsidiaries and brand known as Allied World, is a global provider
of innovative property, casualty and specialty insurance and
reinsurance solutions. Allied World offers superior client service
through a global network of offices and branches. All of Allied
World's rated insurance and reinsurance subsidiaries are rated A by
A.M. Best Company, A by Standard & Poor's, and A2 by Moody's,
and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's
and Fitch.
Please visit the following for further information on Allied
World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld |
LinkedIn: http://www.linkedin.com/company/Allied-World.
Cautionary Statement Regarding Forward-Looking
Statements
Any forward-looking statements made in this press release
reflect our current views with respect to future events and
financial performance and are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements involve risks and uncertainties, which may cause
actual results to differ materially from those set forth in these
statements. For example, our forward-looking statements could be
affected by pricing and policy term trends; increased competition;
the adequacy of our loss reserves; negative rating agency actions;
greater frequency or severity of unpredictable catastrophic events;
the impact of acts of terrorism and acts of war; the company or its
subsidiaries becoming subject to significant income taxes in the
United States or elsewhere; changes in regulations or tax laws;
changes in the availability, cost or quality of reinsurance or
retrocessional coverage; adverse general economic conditions; and
judicial, legislative, political and other governmental
developments, as well as management's response to these factors,
and other factors identified in our filings with the U.S.
Securities and Exchange Commission. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date on which they are made. We are under no
obligation (and expressly disclaim any such obligation) to update
or revise any forward-looking statement that may be made from time
to time, whether as a result of new information, future
developments or otherwise.
Media:Noelle CampbellAssistant Vice President &
Director of Public
Relations+1-646-794-0544noelle.campbell@awacservices.comORFaye
CookSenior Vice President, Marketing &
Communications+1‐441‐278‐5406faye.cook@awac.com
Investors:Sarah DoranSenior Vice President, Investor
Relations & Treasurer+1‐646‐794‐0590sarah.doran@awac.com