Allied World announces Fairfax WorldWideSM multinational initiative

Allied World Assurance Company Holdings, GmbH announces the development of a new multinational platform, called Fairfax WorldWideSM, that operates across the portfolio of insurance companies of Fairfax Financial Holdings Limited (Fairfax). The platform, which will be rolled-out in phases, will enable the issuance of locally admitted insurance policies using Fairfax subsidiary licensing capabilities and other strategic partners. Fairfax WorldWideSM, which will be modelled after Allied World's existing Allied WorldWide� multinational platform, will consist of a global cross-functional group of dedicated people and a future leaning IT system. The platform will facilitate collaboration across the entire Fairfax network to deliver global policy placement services.

Karl Jordan, Senior Vice President of Fairfax WorldWideSM, said, Once fully implemented, Fairfax WorldWideSM will provide us with the ability to collaborate across the Fairfax group of companies to seamlessly and reliably issue locally admitted insurance policies. Our global team is pleased to expand our network and leverage our sister companies across the world to better serve our customers.

The new Fairfax WorldWideSM brand and website launched on December 12, 2018 as phase one of the initiative. For more information on the products and services available, please visit www.fairfaxworldwide.com.

About Allied World

Allied World Assurance Company Holdings, GmbH, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world

About Fairfax

Fairfax is a holding company, which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.

Source: ANTARA News

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