Allied World North America, a unit of Allied World Assurance Co. Holdings A.G., has launched architects and engineers professional liability insurance coverage for the U.S. market.
Doug Hamilton has been appointed vice president of the new product line and will oversee its development, the Zug, Switzerland-based insurer said Tuesday in a statement.
The coverage will be offered in four areas within the construction industry: architects and engineers professional liability, constructors professional liability, project-specific coverage for design exposure and owner's protective professional indemnity on both a primary and excess basis, according to the statement.
“There are numerous challenges facing today's design professionals including expanded regulatory requirements, technological advances and broadening contractual expectations,” Joe Cellura, president of North American casualty at Allied World, said in the statement. “Specialized fields require technical expertise, and Doug's years of experience in the industry, combined with our robust risk management services, will help clients mitigate exposures from the outset.”