A new mergers and acquisitions line has been launched in Canada by one global insurer, in an effort to expand its professional lines of business.
Allied World Assurance Company Holdings, AG announced that
Allied World North America has expanded its professional lines business, introducing a new M&A line for the Canadian market.
“M&A activity is on the rise and our suite of products addresses the full spectrum of risks that may be identified during negotiations,” says Lou Iglesias, president of Allied World North America. “This latest launch builds on our ongoing commitment to creating a portfolio of specialty lines tailored to meet the unique exposures of our clients in Canada. Our team has extensive insurance industry experience and experience working directly on M&A transactions in the country.”
According to Allied World, the point of contact for the Canadian M&A business will be Kent Paisley, senior vice president, head of specialty Lines, Canada, and will be based in Allied World’s Toronto office.
The initial product offerings for this line of business in Canada include:
• Representation and Warranty Insurance;
• Tax Opinion Liability;
• Specific Contingency Insurance;
• Loss Portfolio Transfers; and
• Loss Mitigation Insurance/Litigation Buyout
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of property, casualty and specialty insurance and reinsurance solutions.
