Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Allied World Assurance Company Holdings, AG reported that Allied World North America launched its new Architects and Engineers Professional Liability line of business for the U.S. market.
According to a release from the Company, coverage will be offered for four distinct areas, within the construction industry: architects and engineers professional liability, constructors professional liability, project specific coverage for design exposure and owners protective professional indemnity on both a primary and excess basis. Doug Hamilton has been appointed Vice President and will oversee the development of this new product line.
Joe Cellura, President, North American Casualty commented, "We are thrilled that Doug has joined Allied World's continuously expanding P&C team. There are numerous challenges facing today's design professionals including expanded regulatory requirements, technological advances and broadening contractual expectations. Specialized fields require technical expertise and Doug's years of experience in the industry, combined with our robust risk management services, will help clients mitigate exposures from the outset."
Lou Iglesias, President, Allied World North America, added, "The addition of our Architects & Engineers line is another step in our mission to find meaningful opportunities to bring our clients specialty expertise that addresses their evolving risks. This launch adds to our full suite of products customized to fit the needs of the construction industry. Doug is a leader in this field and I look forward to working with him to build out this book of business."
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of property, casualty and specialty insurance and reinsurance solutions.
More information and complete details:
((Comments on this story may be sent to firstname.lastname@example.org))