NEW
YORK, June 27, 2024 /PRNewswire/ -- Allied World
Assurance Company Holdings, Ltd (Allied World) is excited to
announce a two-year financial commitment of $700,000 to the St. Baldrick's Foundation (St.
Baldrick's). This significant donation will help to support the
ongoing work of the foundation, as well as fund two research
programs to help further the mission of St. Baldrick's "to find
cures for childhood cancers and give survivors long and healthy
lives."
The first program, led by Dr. Vanja
Cabric at Memorial Sloan Kettering Cancer Center, aims to
identify immune cells combating hepatoblastoma and uncover the
tumor's escape mechanisms, paving the way for targeted pediatric
immunotherapies. The second program, led by Dr. Rahela Aziz-Bose at the Dana-Farber Cancer
Institute, will seek to understand the diets of cancer survivors
and how 'food as medicine' initiatives can impact heart health.
"This commitment from Allied World has enabled the training of
the next generation of researchers, the opening of high-impact
clinical trials, and expanded children's access to those trials,
provided support for critical infrastructure and enabled the advent
of innovative treatments for childhood cancers such as
immunotherapy," said St. Baldrick's CEO, Kathleen Ruddy. "Allied World has inspired many
in the re/insurance industry to make children with cancer their
priority, which is perhaps their greatest contribution – an army of
allies for children with cancer."
For the past 25 years Allied World has made significant
donations to St. Baldrick's, with employees and executive leaders
also volunteering their time and participating in fundraising
events in Bermuda and the United States.
Lou Iglesias, President & CEO
of Allied World, commented, "Allied World is committed to
building long-term partnerships with organizations that support
healthcare needs such as disease research, prevention and support
programs. We are incredibly proud of our relationship with St.
Baldrick's and look forward to supporting them as they continue to
drive advancements in pediatric cancer treatments, bringing hope to
countless families."
About St. Baldrick's Foundation
Every 2 minutes, a child somewhere in the world is diagnosed
with cancer. In the U.S., 1 in 5 will not survive. The St.
Baldrick's Foundation, the largest charity funder of childhood
cancer research grants, has awarded more than $342 million to researchers to Conquer Kids'
Cancer. When you give to St. Baldrick's, you don't just give to one
hospital – you support every institution with the expertise to
treat kids with cancer across the U.S. St. Baldrick's ensures that
children fighting cancer now — and those diagnosed in the future —
will have access to the most cutting-edge treatment, by supporting
every stage of research, from new ideas in the lab to the training
of the next generation of researchers, to lifesaving clinical
trials. St. Baldrick's has played a role in virtually every
advancement in the field over the past 25 years and remains
essential in advancing progress and fostering innovation in
childhood cancer research. Visit StBaldricks.org and help
#ConquerKidsCancer.
About Allied World
Allied World Assurance Company Holdings, Ltd, through its
subsidiaries, is a global provider of insurance and reinsurance
solutions. We operate under the brand Allied World and have
supported clients, cedents and trading partners with thoughtful
service and meaningful coverages since 2001. We are a subsidiary of
Fairfax Financial Holdings Limited, and we benefit from a worldwide
network of affiliated entities that allow us to think and respond
in non-traditional ways. Our capital base is strong, our solutions
anticipate rather than react to changing trends, and our teams are
focused on establishing long-term relationships that are mutually
beneficial.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/allied-world-deepens-its-commitment-to-st-baldricks-foundation-302184964.html
SOURCE St. Baldrick's Foundation