The new office will serve as Allied World's hub for all classes of treaty business for the region
Allied World Assurance, a global provider of property, casualty and specialty insurance and reinsurance solutions, has expanded its service in Asia by opening a new branch office in Singapore. It has also appointed Bruce Ford as its principal officer and head of treaty, Asia Pacific, Middle East and Africa.
Allied World has said that it has received authorization from the Monetary Authority of Singapore to conduct general insurance business operations. The office will be the Allied World’s hub for all classes of treaty business for the region. It would offer direct insurance products for South Asia with an initial focus on professional lines and casualty classes.
Scott Carmilani, president and CEO of Allied World, said: “Allied World sees great potential in Asia and in our ability to address growing risks for clients. Our new Singapore office will complement and expand on the services and expertise we already bring to the region. Together with our Hong Kong branch office, which we opened in March 2009, we will be able to further respond to the needs of this market.”