Sports Insurance News and Information

Allied World North America and Venture Insurance Programs Launch Sportsman Coverage

share on Facebook LinkedIn Share on Google+Google+ Twitter

Zug, Switzerland (July 26, 2016) – Allied World Assurance Company Holdings, AG, has announced the launch of a new Sportsman Program between Allied World North America and Venture Insurance Programs. The specialty insurance program is part of Venture's Suitelife Program and offers coverage for private hunting and fishing resorts, lodges, and plantations. The Sportsman insurance coverage underwritten by Allied World includes property, general liability, crime, commercial auto, liquor liability, cyber liability, and umbrella liability.

This follows on the heels of the recent expansion of Venture's Preferred Club's Program, which provides coverage for golf and country clubs through Allied World North America.

Grace Meek, Senior Vice President, Programs for Allied World, commented, "We have worked with Venture Insurance Programs for many years and are excited to expand our relationship with them on the new Sportsman Program."

Venture Insurance Programs (Venture) is a privately-owned specialty insurance program administrator located in West Chester, PA. The company is a leader in the design, administration and marketing of quality insurance packages to select niche industries.

For more information, please contact Grace Meek at grace.meek@awac.com.

About Allied World

Allied World Assurance Company Holdings, AG (NYSE:AWH), 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 further information on Allied World, please visit www.awac.com.

Cautionary Language Concerning 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 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: Allied World


Find Sports Insurance

News and Articles