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AWAC Re opens London office

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LONDON--Allied World Assurance Co. (Reinsurance) Ltd. has opened a branch office in London after receiving authorization from the U.K. Financial Services Authority.

AWAC Re, a unit of Hamilton, Bermuda-based Allied World Assurance Holdings Ltd., opened an office in Dublin, Ireland, in July 2003. Its new office at 22 Billiter St. in London will further expand "our capabilities in the U.K. and European markets and strengthens our commitment in Europe," Allied World Asssurance Holdings President and Chief Executive Officer Scott Carmilani said in a statement.

The reinsurer's London branch will be headed by CEO J. Michael Baldwin.