Allied World Assurance (AWH) has hired Kevin Maloney as vice president of its excess casualty division and will report to US Property and Casualty senior vice president Joe Cellura.

In the new role, Maloney will be responsible for the management and build-out of Allied World’s new Real Estate & Financial Institutions practice and will be based at the company’s New York office.

The new practice will provide a host of casualty coverages specifically for Allied World’s clients in US.

Cellura said that Maloney will assist the Real Estate and Financial Institutions practice to include Real Estate product suite and Strategic Response.

"This new practice will offer additional enhancements to the current product suite as well as lead umbrella coverage and cover for premise, operations and general liability," Cellura added.

Maloney served American International Group (AIG) and Chartis for 14 years prior to joining Allied World, where he served as executive vice president, excess casualty and was responsible for overseeing the Real Estate & Financial Institutions Umbrella Division nationwide for Chartis.

He has also held service with Yasuda America Fire & Marine Insurance and with Aetna and Travelers Insurance companies.