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Allied World Announces Enhanced Coverage Options for Healthcare Organizations

2015年12月04日 PM04:00
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ZUG, Switzerland

Allied World Assurance Company Holdings, AG announced today that Allied World Global Markets has introduced enhanced coverage options for hospitals and other healthcare organizations in the UK, Asia and Australia.

“The healthcare landscape is becoming increasingly complex,” said Peter Ford, Senior Vice President – Allied World Global Markets Healthcare. “There is a growing trend for public sector healthcare services to be provided by the private sector, and increasing consolidation with smaller practices joining together to provide more depth or breadth in the services they provide. There are also changes to employment models so that traditionally self-employed practitioners are now often on the pay roll of healthcare providers.”

“As a result, healthcare providers are facing a raft of new or greater exposures ranging from more staff requiring medical malpractice coverage to the increased risks from vertical integration and the provision of more non-clinical, professional services. As a result, they are looking for comprehensive coverage options in a seamless and convenient package.”

The Allied World product is based on a claims-made healthcare liability coverage which is designed to respond to healthcare providers’ core patient exposures. It also offers additional professional liability coverage to address the emerging non-medical malpractice exposures, and additional general liability coverage structured to provide coverage for day-to-day non-patient risks.

Other product features include automatic extensions to provide sub limited coverage for defense costs associated with a range of exposures, such as allegations of abuse, manslaughter, fraud and dishonesty, costs associated with court attendance, inquest and investigations, and public relations support in the event of a claim.

For more information please contact: Peter Ford at +44 207 220 0689 or Peter.Ford@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 AA- by 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151203006411/en/

CONTACT

Media:
Lauren Post, +1-646-794-0544
Vice President,
Global Public & Media Relations
Lauren.Post@awacservices.com
or
Faye
Cook, +1-441-278-5406
Senior Vice President, Marketing &
Communications
Faye.Cook@awac.com
or
Investors:
Sarah
Doran, +1-646-794-0590
Senior Vice President, Investor Relations
and Treasurer
Sarah.Doran@awac.com
Website:
www.awac.com

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