Allied World launches M&A line for the Canadian market

Allied World North America has expanded its professional lines business by launching a new mergers and acquisitions (M&A) line for the Canadian market.

Kent Paisley, senior vice president and head of specialty lines in Canada, will be the point of contact for the Canadian M&A business. Paisley is based in Allied World’s Toronto office.

The initial product offerings for the new line includes:

• Representation and Warranty Insurance
• Tax Opinion Liability
• Specific Contingency Insurance
• Loss Portfolio Transfers
• Loss Mitigation Insurance/Litigation Buyout

“M&A activity is on the rise and our suite of products addresses the full spectrum of risks that may be identified during negotiations,” Lou Iglesias, president of Allied World North America noted in the announcement.

“This latest launch builds on our ongoing commitment to creating a portfolio of specialty lines tailored to meet the unique exposures of our clients in Canada. Our team has extensive insurance industry experience and experience working directly on M&A transactions in the country.”