Allied World Launches Executive ForceField

ZUG, Switzerland, May 9, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Bermuda has launched Executive ForceField, a new directors and officers liability policy.  Executive ForceField provides broad Side A coverage for non-indemnified loss, and is available on either an excess or primary basis.

Policy highlights for Executive ForceField include: reinstated limit of liability, broad definition of "DIC Event," broad definition of "Loss," advancement of defense costs and pre-claim inquiry costs on a current basis, favorable notice of claim provision and worldwide coverage territory.  Limits of up to $25million are available and this policy can be deployed at any attachment point above a traditional D&O program or on a primary basis.

Ed Moresco, Senior Vice President, Bermuda and International Professional Lines Product Line Manager commented, "Our new Executive ForceField policy incorporates many innovative enhancements to the usual Side A coverage, creating a leading force in the protection of directors and officers. We saw a growing need for more precise coverage in this space over the past several years and a void in the current market for such a targeted product.  Our team continues to look for progressive solutions to meet the growing needs of our insureds and Executive ForceField provides the enhanced protection that our clients require."

For more information on Executive ForceField, please contact Joyce Duarte, Vice President, Professional Lines – Bermuda, at [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 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 www.awac.com for further information on Allied World.

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SOURCE Allied World Assurance Company Holdings, AG