Allied World Europe Launches Healthcare Division; Appoints Rob Wendin
PEMBROKE, Bermuda, Sept. 27 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World Europe has launched a Healthcare division that will focus on offering healthcare solutions to the London market, throughout the United Kingdom and the European Union. Rob Wendin joined Allied World Europe as Vice President and will lead the department. Mr. Wendin will be responsible for building out the division and developing a comprehensive healthcare product suite tailored to meet growing needs regionally. He will report to Kirsten Faria, Senior Vice President for Bermuda and International Healthcare.
Ms. Faria commented, "We are thrilled to launch Allied World Europe's healthcare department to build on our steadily growing international healthcare segment. I am confident that Rob's extensive experience on both the underwriting and brokerage side will be an invaluable asset as we begin building a strong book of business."
Prior to joining Allied World Europe, Mr. Wendin was most recently Managing Director for Health and Life Sciences industries at Marsh Europe, Middle East and Africa. He has over 25 years of insurance industry experience as both an underwriter and broker within the Healthcare and Life Sciences industries including medical malpractice, health insurance/reinsurance, products & clinical trials liability, general & employers liability, and specialty lines.
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 a global network of branches and affiliates. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Please visit our website at www.awac.com for further information on 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 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.
SOURCE Allied World Assurance Company Holdings, Ltd
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