ZUG, Switzerland, April 5, 2011 /PRNewswire/ --- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today the introduction of Allied World U.S.'s new ForceField(SM) management liability package product for U.S. Healthcare Organizations.
Our ForceField Package Policy for Healthcare Organizations combines the convenience of a single application and a single underwriter with the power of multiple, essential coverage components (Directors & Officers, Employment Practices, Fiduciary, Crime, Kidnap & Ransom/ Extortion, and Employed Lawyers).
While a number of these coverages were introduced in 2010 as standalone coverage solutions, this new package product allows U.S. Healthcare Organizations the convenience and flexibility to select multiple coverage elements (including Employed Lawyers coverage. Limits can be separated or shared.
"The ForceField for Healthcare Organizations package product expands our successful ForceField suite of products, creating a package product designed specifically for the Healthcare industry," said Gordon Knight, President, Allied World U.S. "The Healthcare industry continues to be a key area of focus for our organization and for continued product and service innovation."
ForceField insureds get the protection of comprehensive coverage with access to key risk management services available via our strategic relationships with the workplace Helpline® (EPL coverage), red24™ (KRE coverage), and Strategic Response(SM) (D&O coverage).
Cindy Oard, Senior Vice President and Healthcare Practice Lead for Allied World U.S., said, "We are excited to announce the package product as a key component of our ForceField for Healthcare Organizations product suite. We continue to expand our coverage solutions to fit the unique needs of Healthcare Organizations. Our U.S. Healthcare clients now have the ability to purchase the entire package of comprehensive coverages or combine only the elements that are appropriate for their needs. This product is another example of innovative solutions we are creating to meet the unique needs of the Healthcare industry."
Worldwide coverage of up to $25 million in limits is available for each individual coverage section.
Actual coverage will be subject to the policy as issued.
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