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Allied World North America Launches New PRIVACY//403 SRVS? PRO Coverage Solution
[November 04, 2014]

Allied World North America Launches New PRIVACY//403 SRVS? PRO Coverage Solution


ZUG, Switzerland --(Business Wire)--

Allied World Assurance Company Holdings, AG announced today that Allied World North America has launched Privacy//403 SRVS? PRO, the latest product in Allied World North America's suite of E&O products. Privacy//403 SRVS PRO builds on the Specified Response Vendor Solution platform through the addition of professional services coverage.

Privacy//403 SRVS PRO is specifically designed for middle and large market companies that provide technology, consulting and other professional services across hundreds of industry classes and sub-classes. The combined coverage eliminates the need to obtain separate policies for exposures that can be appropriately addressed on a single policy, and aims to eliminate potential coverage gaps associated with a multi-form approach. The policy includes tailored professional services coverage that is intended to blend seamlessly with our full form privacy and network security language. Allied World's Privacy//403 SRVS? PRO provides clients with flexible professional services coverage options and turnkey data breach response from top industry vendors, all on a single form.

Josh Ladeau, Practice Lead - Privacy & Network Security, Professional Services for Allied World North America commented, "Last April, Allied World launched Privacy//403 SRVS, the first form to utilize our new SRVS model. We are thrilled to announce the next form iteration on our SRVS platform: Privacy//403 SRVS PRO, a product that adds professional services coverage into our already robust privacy offering. Generally, traditional professional services policies do not appropriately address privacy exposures inherent to the rendering of professional services. Privacy//403 SRVS PRO was specifically designed with our partners and clients in mind to provide a simplified, holistic approach to professional services and privacy exposures."

For more informatio on Privacy // 403 SRVS PRO, please contact Josh Ladeau, Practice Lead - Privacy & Network Security, Professional Services at (860) 284-1654 or [email protected], or visit our website at www.privacy403.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.


Please visit the following for further information on Allied World: Web: www.awac.com | Facebook (News - Alert): www.facebook.com/alliedworld | LinkedIn (News - Alert): http://www.linkedin.com/company/Allied-World.

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 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.


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