ZUG, Switzerland--(EON: Enhanced Online News)--Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World U.S. has launched a new admitted Lawyers Professional Liability product: Allied World LPL AssureSM.
“We are excited to announce the launch of Allied World’s latest admitted Lawyers Professional Liability product. Allied World continues to respond to an evolving Lawyer’s Professional market, providing needed coverage solutions while maintaining superior claims and risk management service.”
LPL Assure addresses many key needs facing law firms today, including provisions specifically addressing Privacy and Network Security Wrongful Acts, with coverage up to the full policy limit for no additional premium. In addition, LPL Assure provides $25,000 of supplemental privacy coverage for Credit Monitoring, Notification, Crisis Management and Data Forensics (certain restrictions apply). Beginning with effective dates of January 2014, Allied World U.S. will start accepting applications for firms with up to 50 attorneys.
Al Fantuzzi, Senior Vice President, Professional Liability, Allied World U.S. stated, “The release of LPL Assure builds upon Allied World’s decade-long track record of serving the Lawyers Professional Liability marketplace. We are confident the newest version of our Lawyers Professional Liability offering will help Allied World increase our footprint in a line of business we are excited to continue growing.”
Joe Labieniec, Vice President, Professional Liability, Allied World U.S. added, “We are excited to announce the launch of Allied World’s latest admitted Lawyers Professional Liability product. Allied World continues to respond to an evolving Lawyer’s Professional market, providing needed coverage solutions while maintaining superior claims and risk management service.”
About Allied World Assurance Company
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 impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; 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; 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.