Friday, 9 January 2015

Allied World Announces In-House Trade Credit Insurance Platform; Completes Acquisition Of Latin American Underwriters Holdings Ltd.


KUALA LUMPUR, Jan 9 (Bernama) -- Allied World Assurance Company Holdings, AG announced today the commencement of its in-house trade credit and political risk insurance platform with the completion of its previously-announced acquisition of its former program administrator, Latin American Underwriters Holdings Ltd. ("LAU"). LAU has underwritten trade credit insurance and political risk coverages solely for Allied World since 2010, and underwrote $28.5 million of gross premiums in 2013.
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