ALLIED-WORLD-ASSURANCE
Allied World Assurance Company Holdings, GmbH announces the development of a new multinational platform, called Fairfax WorldWideSM , that operates across the portfolio of insurance companies of Fairfax Financial Holdings Limited (“Fairfax”). The platform, which will be rolled-out in phases, will enable the issuance of locally admitted insurance policies using Fairfax subsidiary licensing capabilities and other strategic partners. Fairfax WorldWideSM , which will be modelled after Allied World’s existing Allied WorldWide® multinational platform, will consist of a global cross-functional group of dedicated people and a future leaning IT system. The platform will facilitate collaboration across the entire Fairfax network to deliver global policy placement services.
Karl Jordan, Senior Vice President of Fairfax WorldWideSM , said, “Once fully implemented, Fairfax WorldWideSM will provide us with the ability to collaborate across the Fairfax group of companies to seamlessly and reliably issue locally admitted insurance policies. Our global team is pleased to expand our network and leverage our sister companies across the world to better serve our customers.”
The new Fairfax WorldWideSM brand and website launched on December 12, 2018 as phase one of the initiative. For more information on the products and services available, please visit www.fairfaxworldwide.com .
About Allied World
Allied World Assurance Company Holdings, GmbH, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax, and we benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways. Our capital base is strong, our solutions anticipate rather than react to changing trends, and our teams are focused on establishing long-term relationships that are mutually beneficial. Learn more about how we can help you manage your risk by visiting: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://www.linkedin.com/company/allied-world
About Fairfax
Fairfax is a holding company, which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005840/en/
Contact:
Faye Cook Senior Vice President, Marketing & Communications +1-441-278-5406 Faye.Cook@awac.com
Link:
Social Media:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
LambdaTest Recognized in "Autonomous Testing Platforms Landscape, Q3 2025" Report23.9.2025 17:00:00 CEST | Press release
With its GenAI and agentic AI capabilities, LambdaTest helps organizations scale testing and drive faster, more efficient software delivery. LambdaTest, a GenAI-native quality engineering platform, announced its inclusion in Forrester's Autonomous Testing Platforms (ATP) Landscape, Q3 2025. The report provides a comprehensive overview of the evolving market for Autonomous Testing Platforms, citing notable vendors driving innovation in AI-driven test automation. Forrester’s report defines Autonomous Testing Platforms as platforms that combine traditional automation with AI and GenAI agents to continuously perform increasingly autonomous testing tasks. These platforms ensure comprehensive and adaptive quality validation for both functional and non-functional tests across a wide range of applications and devices. LambdaTest’s innovative platform, which integrates AI and GenAI technologies, empowers teams to automate and scale testing across the software development lifecycle (SDLC). By le
Gurobi Releases 2025 State of Mathematical Optimization Report23.9.2025 15:00:00 CEST | Press release
Survey reveals how organizations harness optimization and emerging AI technologies to address strategic and operational challenges across industries. Gurobi Optimization, LLC, the leader in decision intelligence technology, is pleased to announce the release of its 2025 State of Mathematical Optimization Report. This year’s report, based on a survey of commercial users of mathematical optimization, sheds light on how organizations are leveraging optimization alongside other technologies, such as generative artificial intelligence (GenAI). Although just 6% of respondents currently combine optimization with GenAI or large language models, 24% report that they are experimenting with the two technologies, and 30% are interested but have not yet started. Meanwhile, 41% expect GenAI to play a “significant role” in their organization’s decision-making over the next two years. Other key findings include: In a year marked by organizational restructuring, demand for applied optimization professi
Obsidian Security Unveils AI Agent Defense to Secure SaaS Data Access23.9.2025 15:00:00 CEST | Press release
New platform capabilities safeguard enterprises from the next frontier of cyber risk: autonomous AI agents inside business-critical SaaS. Obsidian Security, leader in SaaS security, today announced the launch of SaaS AI agent defense, giving enterprises the first purpose-built solution to govern how AI agents access data in SaaS environments. With SaaS now one of the most targeted layers of the enterprise stack, Obsidian is closing the enterprise AI agent-to-SaaS blindspot, where unmanaged agentic AI integrations and excessive privileges can create cascading risk. In the recent Salesforce attack (UNC6040), threat actors used voice phishing campaigns to obtain initial access and run bulk API queries for large-scale data theft and extortion. The Salesloft Salesforce supply chain breach (UNC6395) illustrated the fragility of SaaS-to-SaaS integrations where one compromised chatbot integration expanded into unauthorized access across Salesforce and downstream applications, including Google
HARMAN Completes Sound United Acquisition to Expand Premium Audio Leadership23.9.2025 15:00:00 CEST | Press release
Strategic integration of Sound United’s award-winning audio brands strengthens HARMAN’s product portfolio and propels business growth HARMAN International ("HARMAN"), a wholly-owned subsidiary of Samsung Electronics Co., Ltd., focused on connected technologies for automotive, consumer, and enterprise markets, today announced it has completed the acquisition of Sound United, the former consumer audio business of Masimo Corporation (NASDAQ: MASI). Sound United’s portfolio of iconic audio brands includes Bowers & Wilkins, Denon, Marantz, Definitive Technology, Polk Audio, HEOS, Classé, and Boston Acoustics. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250923135384/en/ This acquisition brings together Sound United’s respected roster of premium audio brands and Harman’s iconic audio portfolio. This strategic milestone marks a significant expansion in HARMAN's core audio business and footprint across key product categories inclu
82% of Global LPs to Increase Exposure to Private Credit in Next Three Years, CSC Research Finds23.9.2025 15:00:00 CEST | Press release
Portfolio diversification (76%) tops LP motivations to increase allocations, more than double those citing attractive returns (36%). Private credit GPs anticipate continued AUM growth, led by senior debt and asset-backed finance; cross-border lending set to surge. More than four fifths (82%) of limited partners (LPs) say they expect to increase allocations to private credit over the next three years, according to a new international study by CSC, the leading provider of global business administration and compliance solutions. Of these LPs, around two fifths (42%) expect “significant” growth in private credit exposure, underscoring the momentum and positive investor sentiment towards the asset class. The research that canvassed the views of 300 general partners (GPs) and 200 limited partners (LPs) in Europe, Asia Pacific, and North America, found that portfolio diversification was the primary motive behind greater allocation (according to 76% of LPs), ahead of attractive returns (36%).
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom