Allied World announces three new products

Allied World announces three new products | Insurance Business

Allied World announces three new products
Allied World has announced the launch of three new products in the professional liability space.

The insurer has launched directors and officers liability, architects and engineers professional indemnity and miscellaneous professional indemnity as it looks to grow its footprint in the Australian market.

“The launch of these three primary policies represents the next step in Allied World’s journey towards becoming a highly recognised provider of professional liability products, solutions and claims services in the Australian market,” Kym Beazleigh, vice president, professional liability, Australia, said.

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Beazleigh said that there is more to come from Allied World as it looks to use its global presence to strengthen its Australian offerings.

Each of the three new products will be targeted at small to medium and large companies domiciled in Australia with a maximum capacity of $10 million.

The miscellaneous professional indemnity cover is designed for professional service providers such as management consultants, engineers of all disciplines and accountants, among others.

The product launch comes after Allied World announced a pair of new hires for its business earlier this year. Beazleigh joined the firm from Zurich, in January, and Karsten Buescher was made vice president, onshore construction, Australia, in February.

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