Allied World Assurance Holdings, has said that Allied World Europe has launched a new product suite specific to small-to-medium enterprises (SME) called SME360.

Allied has said that the SME360 was produced by insurance and legal professionals to provide comprehensive professional liability coverage and on-going claims support to a diverse spectrum of businesses in the UK and European Union.

SME360 consist of 11 core professional indemnity products segmented by industry, which includes architects, accountants, actuaries, design and construction, engineers, information technology, insurance brokers, management consultants, media, miscellaneous, and surveyors. SME360 also comprises additional coverages that complete the suite, including directors & officers.

Kevin Cleary, vice president, SME, Professional Lines in Europe, said: Our team has extensive experience underwriting these lines in the London and extended UK marketplace, and we are excited about the opportunities in this market segment. We look forward to fostering mutually beneficial relationships with our trading partners and policyholders by providing coverage as well as support and guidance through our in-house claims and risk management teams.