Allied World Europe Launches Marine Insurance Business

Allied World Assurance Company Holdings announced Allied World Europe has launched a new Marine insurance line of business.

Bart Grefe has been appointed Vice President, Marine Underwriting Manager, to lead the team.

Mr. Grefe will be responsible for building the line of business and  developing a comprehensive Marine product suite. The team will initially  focus on establishing a Marine Cargo offering, which will be  underwritten through the company's Lloyd's Syndicate 2232 on the 2014  year of account. Additional marine classes such as Marine Liability and  Fine Art & Specie will be added in the future, pending regulatory  approval.

Julian James, president of Allied World Europe, commented, “At Allied World, we remain committed to meeting the evolving needs of our clients  and trading partners. To that end, we have been steadily expanding our primary capabilities across a number of business lines in Europe. This strategic move into the Marine market is the latest example of our European growth strategy; offering a portfolio of products that offer state-of-the-art coverage and superior service.”

“I am confident that with Bart's reputation and technical expertise, we will provide a first class Marine offering to the London market, throughout the United Kingdom and across Europe. I look forward to working with the team to build this book of business.”

Prior to joining Allied World, Mr. Grefe was most recently Marine  Underwriting Manager at Alterra Group. He has over 25 years of insurance  industry experience. Throughout his career, Mr. Grefe has held various underwriting and management positions at multinational insurance  companies and also held the position of Associate Director at Sedgwick Energy & Marine Limited.