Allied World offers insurance for Canadian energy risks

Allied World Assurance Co. Holdings A.G. has launched a property insurance line for energy risks in the Canadian market.

Allied launched its initial property and excess casualty products for Canada in May, the Zug, Switzerland-based insurer said in a statement Thursday.

The newly formed team led by vice presidents Dan Fitzpatrick and Jim MacKenzie will help with the build-out of the energy line of business, according to the statement.

Both Messrs. Fitzpatrick and MacKenzie are based in Toronto and join Allied from Arch Insurance Co.’s Canadian operations, where Mr. Fitzpatrick was regional vice president for energy and technical risk and Mr. MacKenzie was a vice president for energy and technical risk, the insurer said.