Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World North America has expanded its professional lines business with the launch of a new Mergers & Acquisitions (M&A) line for the Canadian market. Kent Paisley, Senior Vice President, Head of Specialty Lines, Canada, will be the point of contact for the Canadian M&A business. He is based in Allied World's Toronto office. The initial product offerings for this line of business in Canada include:

  • Representation and Warranty Insurance
  • Tax Opinion Liability
  • Specific Contingency Insurance
  • Loss Portfolio Transfers
  • Loss Mitigation Insurance/Litigation Buyout

Lou Iglesias, President, Allied World North America, commented, “M&A activity is on the rise and our suite of products addresses the full spectrum of risks that may be identified during negotiations. This latest launch builds on our ongoing commitment to creating a portfolio of specialty lines tailored to meet the unique exposures of our clients in Canada. Our team has extensive insurance industry experience and experience working directly on M&A transactions in the country.”

For more information about our current suite of M&A products in Canada, please contact Kent Paisley at kent.paisley@awac.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.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: http://www.linkedin.com/company/Allied-World.

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.