PEMBROKE, Bermuda, Oct. 15 /PRNewswire-FirstCall/ -- Allied World National
Assurance Company, a member company of Allied World Assurance Company
Holdings, Ltd (NYSE: AWH) today introduced its new Defense Base Act (DBA)
coverage, comprehensive workers compensation insurance geared towards U.S.
citizen, Third Country National and Local National employees working overseas
on contracts for agencies of the U.S. Government.
"Defense Base Act coverage is an integral part in the continuing growth of
Allied World's strategy to be a specialty Property and Casualty company. Our
DBA product leverages over 20 years of DBA-specific knowledge and expertise,
bringing to market an offering that focuses on the critical exposures
contractors' face when doing work in difficult situations around the world,"
commented Gordon Knight, President, Allied World U.S.
"Allied World National Assurance Company decided to enter the DBA
insurance market as an alternative to the very limited existing market for
this business. It is our belief that another insurance option for contractors
will be welcomed by brokers and the ultimate consumer of this insurance, the
U.S. Government. Since DBA insurance is required for all employees working
under a contract entered into or approved and financed by any executive
department or agency of the U.S. Government, we expect the demand for this
product to continue," commented Kevin Behan, Senior Vice President, Allied
With the increase in work related to providing outsourced services to the
U.S. Military and Governmental agencies around the world, Allied World
recognizes the demand for enhanced DBA claims support. To provide global
coverage of the highest caliber, Allied World has partnered with Broadspire, a
subsidiary of Crawford & Company, a renowned industry leader with 68 years of
claims management experience and a very broad global presence.
Together Allied World and Broadspire offer the most inclusive, integrated
platform of claim handling and case management services in the industry. This
coverage is available for almost all types of contractors that require DBA
For more information, please contact:
Senior Vice President, Allied World Casualty
About Allied World Assurance Company
Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is
a global provider of innovative property, casualty and specialty insurance and
reinsurance solutions, offering superior client service through offices in
Bermuda, the United States and Europe and Hong Kong. Our insurance and
reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For
further information on Allied World, please visit our website at www.awac.com.
Broadspire, a leading third-party administrator for employers and
insurance companies, offers a broad array of customized claim and medical
management services designed to increase employee productivity and contain
costs. Broadspire's services include workers' compensation, auto/motor and
general liability claims management; employers', public and product liability
claims management; medical and field case management; integrated workers'
compensation and disability management programs; and risk and safety
consulting. Broadspire, a Crawford company, is based in Atlanta, Ga., with
more than 2,650 employees and a network of 85 locations throughout the United
States (www.choosebroadspire.com) and Europe (www.Broadspire.eu), including
the United Kingdom (www.BroadspireTPA.co.uk).
About Crawford & Company
Based in Atlanta, Ga., Crawford & Company (www.crawfordandcompany.com) is
the world's largest independent provider of claims management solutions to the
risk management and insurance industry as well as self-insured entities, with
a global network of more than 700 locations in 63 countries. The Crawford
System of Claims Solutions(SM) offers comprehensive, integrated claims
services, business process outsourcing and consulting services for major
product lines including property and casualty claims management, workers'
compensation claims and medical management, and legal settlement
administration. The Company's shares are traded on the NYSE under the symbols
CRDA and CRDB.
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 ability to recognize the benefits of the Darwin
Professional Underwriters, Inc. acquisition; pricing and policy term trends;
increased competition; the impact of acts of terrorism and acts of war;
greater frequency or severity of unpredictable catastrophic events;
investigations of market practices and related settlement terms; negative
rating agency actions; the adequacy of our loss reserves; 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 including those related to the ongoing financial crisis;
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 Assurance Company Holdings, Ltd
Media: Faye Cook, VP, Marketing & Communications, +1-441-305-5406, email@example.com; or Investors: Keith J. Lennox, Investor Relations Officer, +1-646-794-0750, firstname.lastname@example.org; or Kevin Behan, Senior Vice President, Allied World Casualty, +1-646-794-0511, Kevin.Behan@awac.com, all of Allied World Assurance Company