Allied World North America Launches ForceField: Primary D&O for Public Companies
Allied World Assurance Company Holdings, AG announced today that Allied World North America has added a new product to its ForceField(R) suite of professional liability products. This new directors & officers (D&O) and corporate liability policy will be available for U.S. based, publicly-traded companies and addresses a wide range of liability exposures currently facing corporations and their executives including coverage for:
- Pre-Claim Inquiry Costs
- Facilitation Costs
- Liberty Protection Costs
- Crisis Event Coverage
- E-Discovery Services
Tom Kennedy, Senior Vice President, Public D&O Product Line Manager, commented, “In the current regulatory environment, companies and executives face a host of new risks and challenges. Our comprehensive primary D&O product offers the highest level of personal protection. Our goal is to help our insureds both understand and mitigate their exposures at the onset of their relationship with us.”
Primary limits are available up to $25 million. For more information on the ForceField Public Company Directors & Officers and Corporate Liability Insurance Policy, please visit our website at: http://www.alliedworldinsurance.com or contact Ben Smith, Vice President, Professional Liability, at email@example.com.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World’s rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor’s, and A2 by Moody’s, and our Lloyd’s Syndicate 2232 is rated A+ by Standard & Poor’s and Fitch.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management’s response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.
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