PEMBROKE, Bermuda, June 16 /PRNewswire-FirstCall/ -- Allied World
Assurance Company (U.S.) Inc., a member company of Allied World Assurance
Company Holdings, Ltd (NYSE: AWH) today announced the launch of Executive
Forcefield(TM), their Side 'A' Directors & Officers Excess and Lead
Difference-in-Conditions (DIC) product.
This new product highlights Allied World's ongoing commitment to providing
its producing partners and clients with comprehensive, tailored products. The
policy offers a number of enhanced features including a broad definition of
loss and an expanded definition of claim. Allied World's Executive
ForceField(TM) fills the void created when D&O insurance coverage and broad
corporate indemnification provisions are not enough.
Gordon Knight, President of Allied World U.S., commented, 'Directors and
officers want to be sure they have thorough coverage and that the carrier
providing the coverage is financially sound. Executive ForceField(TM), along
with our financial stability and A.M. Best A (Excellent) rating, is our
solution for this market. Innovation is a driving force within Allied World
and it is consistent with that spirit that we introduce this unique coverage
to our broker and client partners.'
Tom Kennedy, Senior Vice President, Professional Lines, explains: 'In
today's challenging economic times, this coverage is even more critical for
protecting the personal assets of directors and officers.