Allied World Assurance (AWH) announced that accounts receivable insurance is now available in the United States in addition to Canada, effective immediately.
This coverage assists CFOs and senior financial executives with mitigating the risk of non-payment due to customer default or insolvency, and provides certainty around their companies’ balance sheets.
Accounts Receivable Insurance is the newest addition to Allied World’s Global Crisis Management product suite, of which Product Recall, Structured Trade Credit, and Political Risk coverage are already offered on a global basis.
Todd Germano, Executive Vice President, Allied World Global Crisis Management Division, commented, "As part of our overall Global Crisis Management vision and strategy, we are very pleased to bring Accounts Receivable Insurance to the U.S. market."
Kent Paisley, Senior Vice President of the Global Crisis Management Division, added, "We are excited to move forward and have our global team of product experts in place, including Glenn Robins, Vice President, Accounts Receivable Insurance, in Los Angeles, Nick Hedley, Senior Vice President, Global Crisis Management Division, in London, and Francisco Cuevas, Vice President, Structured Trade Credit, in New York."
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.