ZUG, Switzerland, April 28, 2011 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced that Allied World U.S. will begin underwriting primary Contractor's Pollution Liability (CPL) coverage through Hartan Specialty Programs division (Hartan). This new coverage enhances Allied World U.S.'s Contractor's General Liability Program, which has been managed by Hartan since April of 2009.
Todd Germano, President, U.S. Property & Casualty commented, "This product enhancement is an example of the growing collaboration between Allied World and Hartan. This innovative CPL policy will further enhance our Contractor's Program by providing retailers and their clients with a fast, efficient means to access this valuable coverage."
Hartan President, Ed Pray, stated, "Our growing partnership with Allied World U.S. has allowed us to expand on the coverages we are able to offer our contractor clients through this program. We are working together to identify ways to bring the broad product capability of Allied World U.S. to the benefit of our clients. As we look to expand our business out of the Northeast into the Mid-West and Mid-Atlantic states, additional product offerings enhance the attractiveness of our program."
Hartan will target commercial contracting risks including construction, installation, renovation and repair contractors. Coverage will be written on an occurrence form in 26 states on a non‐admitted basis with primary limits of $1 million/$2 million. In addition to this coverage, Hartan also offers Contractor's General Liability, Owner's/Contractor's and Railroad Protective coverage as part of this program. CGL policies are offered on both an admitted and non-admitted basis for a broad range of general and trade contracting risks.
For more information about this product please contact:
Ron Howell or Susan Percoco of Hartan at 212-314-9600
About Allied World Assurance Company
Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of branches and affiliates. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Please visit our website at www.awac.com for further information on Allied World.
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SOURCE Allied World Assurance Company Holdings, AG