Allied World U.S. Announces Plans to Enter the Long Term Care Facilities Market

Oct 13, 2010, 09:39 ET from Allied World Assurance Company Holdings, Ltd

PEMBROKE, Bermuda, Oct. 13 /PRNewswire/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that beginning with January 1, 2011 effective dates, Allied World Healthcare will begin writing Long Term Care facilities in the United States directly and through approved brokers and wholesalers.  

"Long Term Care is an increasingly important segment of the U.S. Healthcare market and will be an area of focus for Allied World's Healthcare team," said John McElroy, President Allied World U.S. Professional Lines division.

"We will offer competitive coverage, and we'll support that with market-leading risk management and claims handling services, all specifically adapted for Long Term care entities," said Cindy Oard, Senior Vice President of Allied World Healthcare in the U.S. "Underwriting will be handled in-house by a dedicated team of experienced Long Term Care facility underwriters beginning with January 1, 2011 effective date risks. Our focus will be on those organizations with a demonstrable commitment to quality in resident care."

Allied World Healthcare's Long Term Care policy offers medical malpractice and general liability coverage of up to $1/$3 million in limits for primary, and up to $10 million in limits when placement includes excess.  We are targeting facilities within the full spectrum of Long Term Care including Nursing Homes, Assisted Living, Independent Living, and Continuing Care Retirement Communities. Actual coverage will be subject to the policy as issued.

About Allied World Assurance Company

Allied World Assurance Company Holdings, Ltd, 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 for further information on Allied World.

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SOURCE Allied World Assurance Company Holdings, Ltd