THE MERGER OF ALLIED WORLD’S EUROPEAN INSURANCE AND REINSURANCE COMPANIES

 

This webpage is designed to provide you with information relevant to this merger and address some of the questions that you may have.

Which entities have merged?

The merger of Allied World Assurance Company (Europe) plc (“AW Europe”) and Allied World Assurance Company (Reinsurance) plc* (“AW Reinsurance”), wholly owned subsidiary companies of Allied World Assurance Company Holdings, AG, was completed on 1 November 2013. AW Europe is regulated by the Central Bank of Ireland (the “CBI”) as a non-life (re)insurance company. AW Europe has its head office in Dublin, Ireland, and has branches in London and in Zug, Switzerland.

When did the merger happen?

The merger completed on 1 November 2013.

Which entity will underwrite my business?

AW Europe will fulfill all of the obligations under every contract to which AW Reinsurance was a party. All reinsurance contracts will continue to be underwritten by the existing reinsurance treaty underwriters, therefore, the level of services and expertise our clients receive will remain unchanged. The security of inforce policies have also transferred to AW Europe as of 1 November. AW Europe is rated A strong by Standard & Poor’s and A Excellent by A.M. Best.

What are the benefits of the merger?

AW Europe will benefit from having a stronger consolidated balance sheet which we believe will open up new opportunities for our underwriting teams, provide enhanced security for our customers and facilitate greater operational efficiencies.

Why did the merger take place?

Following the removal by the CBI of the restriction imposed on Irish insurance undertakings from accepting inwards reinsurance exceeding 20% of gross premium written, the Boards of Directors of AW Europe and AW Reinsurance determined that their respective insurance and reinsurance businesses were to be consolidated into a single licensed (re)insurance company. This consolidation happened on 1 November 2013.

Do I need to do anything?

No, it is not necessary for you to take any action. Existing contract reference details are still valid and there is no requirement for additional documentation to be issued. All existing procedures relating to our claims service remain unchanged, as does the relevant contact information.

Who do I contact if I have any questions?

If you have a specific question relating to the merger project, please get in touch with your usual Allied World contact, or:

Lee Dwyer

Senior Vice President, Managing Director

Allied World Assurance Company (Europe) plc
Third Floor, Georges Quay Plaza, Georges Quay, Dublin 2

T: +353 (0) 1 436 1400
E: lee.dwyer@awacservices.com

* Formerly Allied World Assurance Company (Europe) Limited and Allied World Assurance Company (Reinsurance) Limited. AW Europe will shortly reconvert to a private limited company.

 

Terms of Merger

This webpage is intended as a general guide for informational purposes only. It is not intended to constitute, comprise or be used as a substitute for legal or other professional advice on any particular matter.

 

© Allied World Assurance Company Holdings, AG. All rights reserved. November 2013.

Atlanta

3424 Peachtree Road NE, Suite 550

Atlanta, GA 30326

Phone:

T:+1- 678-704-8400

Bermuda

27 Richmond Rd.

Pembroke HM 08

Bermuda

Phone:

T: +1-441-278-5400

Boston

160 Federal Street, 6th floor

Boston, MA 02110

Phone:

T: +1-857-288-6000

Chicago

311 South Wacker Drive, Suite 1100

Chicago, IL 60606

Phone:

T: +1-312-646-7700

Costa Mesa

600 Anton Boulevard, Suite 1020

Costa Mesa, CA 92626

Phone:

T: +1-657-859-3300

Dallas

Addison Circle One, Suite 1025

15601 Dallas Parkway

Addison, TX 75001

Phone:

T: +1-469-248-4000

Dublin

3rd Floor

Georges Quay Plaza, Georges Quay

Dublin 2

Ireland

Phone:

T: +1-353-1-436-1400

Farmington

1690 New Britain Avenue, Suite 101

Farmington, CT 06032

Phone:

T: +1-860-284-1300

Hong Kong

22/F, One Island East, Taikoo Place

18 Westlands Road

Quarry Bay, Hong Kong

Phone:

T: +(852) 2968-3000 F: +Fax: (852) 2968-5111

Labuan

Labuan Registered Address

Level 8(B), Main Office Tower

Financial Park Labuan

Jalan Merdeka

8700 Labuan F.T

Suite 9-02, 9th Floor, Menara Hap Seng

Letter Box 77, Jalan P. Ramlee, 50250

Kuala Lumpur

T: +603 2078 3188

London

20 Fenchurch Street, 18th and 19th Floors

London EC3M 3BY, England

Phone:

T: +44-207-220-0600

Los Angeles

550 South Hope Street, Suite 1825

Los Angeles, CA 90071

Phone:

T: +1-213-416-1400

Miami

Allied World Assurance Company, Ltd

Suite 802, 800 Brickell Avenue,

Miami, Florida 33131

Phone:

T: +1-786-362-8000

New York

199 Water Street, 24th & 29th Floors

New York, NY 10038

Phone:

T: +1-646-794-0500

Philadelphia

Allied World Assurance Company (U.S)

30 S. 17th Street

Suite 1600 16th Floor

Philadelphia, PA 19103

Phone:

T: +1-267-800-1800

San Francisco

100 Pine Street, Suite 2100

San Francisco, CA 94111

Phone:

T: +1-415-262-8170

Singapore Main Office

8th Floor

60 Anson Road #08-01

Mapletree Anson

Singapore 079914

Phone:

T: +(65) 6423 0888 F: +Fax: (65) 6423 0798

Singapore Treaty

138 Market Street

#05-02 CapitaGreen Building

Singapore 048946

Phone:

+65 6631 2500 Fax +65 6631 2520

Sydney

264 George Street

Australia Square, Level 21

Sydney, NSW, 2000, Australia

Phone:

T:+612 8015 2500

Toronto

Allied World Specialty Insurance Company

200 King Street West

Toronto, Ontario M5H 3T4 Canada

Phone:

1-647-558-1120

Zug

Park Tower 15th Floor

Gubelstrasse 24, 6300

Zug

Switzerland

Phone:

T: +41-41-768-1080