Insurance Industry News and Information

Allied World North America Expands Risk Management Offerings to Include Drones Services

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Switzerland (Apr. 21, 2017) – Allied World Assurance Company Holdings, AG, has announced that it is expanding risk management offerings to policyholders to include access to discounted unmanned aerial systems (“UAS” or drones) services through DataWing, a UAS service provider led by former U.S. Air Force fighter pilots.

DataWing can help companies monitor the costs and benefits of operating a drone program, determine the best way to incorporate or maintain a successful program, stay informed on the latest FAA regulations as well as the UAS hardware and software, develop flight plans and deploy drones.

"We are very pleased to partner with DataWing to bring these new loss control services to our customers," said Joseph Cellura, President, Allied World North American Casualty Division. "Our policyholders are using drones in so many innovative ways to improve efficiency and enhance their businesses. These new services will help them create sound risk management programs to meet the necessary safety and compliance standards."

For more information on DataWing's UAS Services, please contact Steve Lako, Vice President, Casualty Loss Control, Risk Management Group at steve.lako@awacservices.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.

For more information, visit www.awac.com.

About DataWing Global

DataWing Global is a professional UAS services provider that provides end-to-end solutions of data collection, processing and analysis for any industry. As a specialist in aviation management, DataWing uses proprietary software tools to enhance UAS service efficiency and standardize workflow management to ensure success in repeatable, large-scale projects. DataWing is led by former U.S. Air Force fighter pilots who set high flight safety and operational standards, providing end users with superior service.

For more information, visit www.datawingglobal.com.

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 the occurrence of any event, change or other circumstances that could give rise to the termination of the proposed acquisition by Fairfax Financial Holdings Limited ("Fairfax"); the inability to obtain Allied World's or Fairfax's shareholder approval or the failure to satisfy other conditions to completion of the proposed acquisition, including receipt of regulatory approvals; risks that the proposed acquisition disrupts our current plans and operations; the ability to retain key personnel; the ability to recognize the benefits of the proposed acquisition; the amount of the costs, fees, expenses and charges related to the proposed acquisition; 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.

SOURCE: Alert Labs Inc.


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