PEMBROKE, Bermuda, June 9 /PRNewswire-FirstCall/ -- Allied World Assurance Company (U.S.) Inc., a member company of Allied World Assurance Company Holdings, Ltd , today announced an added service to its General Liability Lead Umbrella product offered in the United States. The complimentary service, called "Strategic Response(SM)," provides policyholders with 24/7 toll-free access to professional crisis management resources in the event of a catastrophe.
Gordon Knight, President of Allied World U.S., commented, "We believe that Strategic Response(SM) will be advantageous to our clients, especially those small to mid-size companies who wouldn't generally utilize or have immediate access to third-party crisis expertise. This important enhancement is provided without additional cost to our policyholders, further demonstrating Allied World's willingness to partner with our clients and to be proactive in understanding their risk management needs."
As part of the service, Allied World will act as a liaison between the client and a public relations/crisis management company in the event of a catastrophe. Allied World has secured the services of several highly qualified public relations and crisis management companies for this purpose. Subject to the policy terms, Allied World can provide a limit of up to $300,000 for costs related to catastrophe management and response.
Joe Cellura, Senior Vice President, Specialty Casualty, noted, "How a catastrophe is handled in the first 72 hours largely determines whether or not a company is able to protect its business and reputation. Essentially, what our service provides is assistance and reassurance in this most critical time. Through Strategic Response(SM) we are providing our clients with a direct line to proven crisis management resources in order to manage the situation quickly and effectively."
For more information on Strategic Response(SM), contact Mr. Cellura at joseph.cellura@awac.com.
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 offices in Bermuda, the United States and Europe. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at http://www.awac.com/.
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 the ability to recognize the benefits of the Darwin Professional Underwriters, Inc. acquisition; pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; investigations of market practices and related settlement terms; negative rating agency actions; the adequacy of our loss reserves; 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 including those related to the ongoing financial crisis; 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.
Allied World Assurance Company Holdings, Ltd
CONTACT: Media: Faye Cook, VP, Marketing & Communications,
+1-646-794-0543, faye.cook@awac.com, or investors, Keith J. Lennox, Investor
Relations Officer, +1-646-794-0750, keith.lennox@awac.com, both of Allied
World Assurance Company Holdings
Web site: http://www.awac.com/
