Allied World US, a subsidiary of Allied World Assurance, has expanded its property & casualty(P&C) operations with the launch of a new Inland Marine division.
Allied World said that the new division will target all filed and non-filed classes of inland marine business in the US, with a focus on the construction industry.
As a part of this expansion, Allied World appointed Alan Crater as new vice president, Inland Marine.
Based in New York, Crater will report directly to Todd Germano, president of property & casualty for Allied World US.
The insurer said that the Inland Marine division will be available to insureds in all 50 states on either an admitted or surplus lines basis, and will provide coverage with limits of up to $50m.
Coverage is available for all Inland Marine classes, including commercial output program (COP) exposures.
Allied World US president Gordon Knight said that the company will continue to build out the US underwriting platform by adding a full suite of inland marine products to complement and round out the specialty product set around those industries where Allied World has proven expertise and underwriting margin.
Crater said in addition to the company’s world class team of underwriting professionals, it has partnered with two industry leaders in the fields of loss control and claims handling.
"Together with Regional Reporting and vrs Vericlaim, a Toplis and Harding Company, Allied World has created a formidable team that places the needs of the insureds first and foremost," Crater said.