ZUG, Switzerland, April 19, 2011 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World U.S. has expanded its Property & Casualty(P&C) operations with the launch of a new Inland Marine division. The division will target all filed and non-filed classes of Inland Marine business in the United States, with a focus on the construction industry. Allied World U.S. has appointed Alan Crater as Vice President, Inland Marine. He will be based in New York and report directly to Todd Germano, President of Property & Casualty for Allied World U.S.
Mr. Germano stated, "In launching this new division, we have brought in some of the best Inland Marine underwriters in the industry. Alan and his team bring with them extensive industry knowledge with over 100 combined years of experience, having profitably written risks across the Inland Marine spectrum on a nationwide basis."
"We are proud to announce our new team of Inland Marine professionals," commented Gordon Knight, President of Allied World U.S. "We continue to build out our U.S. underwriting platform by adding a full suite of Inland Marine products to complement and round out our specialty product set around those industries where we have proven expertise and underwriting margin."
"In addition to our world class team of underwriting professionals, we have partnered with two industry leaders in the fields of loss control and claims handling," added Alan Crater. "Together with Regional Reporting, Inc. and vrs Vericlaim, a Toplis and Harding Company, Allied World has created a formidable team that places the needs of the insureds first and foremost. We're ready to hit the ground running."
Allied World U.S.'s Inland Marine division is available to insureds in all 50 states on either an admitted or surplus lines basis, and provides broad coverage with limits of up to $50 million. Coverage is available for all Inland Marine classes, including Commercial Output Program (COP) exposures.
For more information about the Inland Marine products please contact:
Vice President, Inland Marine
E [email protected]
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