Insurer Allied World opens construction casualty unit

NEW YORK—Allied World Assurance Co. Holdings A.G. has launched a construction casualty division.

Based in its U.S. casualty operations, the unit is offering lines of business such as commercial general liability and commercial automobile, railroad protectives, and owners and contractors protectives, the insurer announced Tuesday.

Other services include contractor practice programs, owner-controlled insurance programs, contractor-controlled insurance programs and project-specific programs.

Michael Conroy has been appointed vp, construction, a newly created position. He oversees the development of the new division and reports to Lou Iglesias, president of U.S. property/casualty for Allied World. Previously, Mr. Conroy was vp of construction risk management at American International Group Inc.

He and the new division are based in New York.