Allied World Assurance Company Holdings, said that its subsidiaries, Allied World Assurance Company, US and Allied World National Assurance Company will begin underwriting primary contractors pollution liability coverage through Crump Insurance Services' Environmental Division (Crump P&C).
According to Allied World Assurance, Allied World and Allied World National have selected the environmental liability expert Crump P&C as an underwriting manager to expand into the primary contractors pollution liability market.
The company said that Crump P&C will target both residential and commercial contracting risks including construction, installation, renovation, remediation and repair contractors with revenues of up to $50mi. The business will be written on an occurrence form in all 50 states on a non-admitted basis with a primary capacity of $5m.
Ken Cornell, senior VP and environmental product manager of Allied World, said: “We are excited to offer this new contractors pollution program along with Crump P&C. This innovative program provides our brokers and their clients with a fast, efficient means to access this valuable coverage.
Greg Steinman, VP of environmental services at Crump P&C, said: This partnership with Allied World allows Crump to further expand upon our automated services for the benefit of our clients with access to a competitive program from a leading and trusted carrier in the specialty lines space.
The platform provides brokers access to complete online processing, allowing them to quote and bind eligible risks the same day.
Allied World Assurance Company Holdings, through its subsidiaries, is a provider of property, casualty and specialty insurance and reinsurance solutions, offering client service through offices in Bermuda, Europe, Hong Kong, Singapore and the US.