Allied World Assurance Company Holdings has announced that Allied World Europe has launched a mergers and acquisitions division that has specific underwriting capability in transactional solutions including warranty and indemnity, tax opinion and loss mitigation insurance.

To lead this initiative, Tim Martin has joined Allied World Europe as vice president, European mergers and acquisitions.

Effective February 13, 2008, Mr Martin will be responsible for building and managing Allied World’s mergers and acquisitions primary insurance operations and will report to senior vice president, Ian Theato.

Mr Theato said: We are excited about further developing our transactional solutions products and the opportunities this presents our company. We believe Tim Martin’s position will complement our professional lines strategy, and the wealth of M&A underwriting expertise and industry relationships he brings with him will further enhance our franchise and market position.