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Allied World introduces new surety line of business

Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US.

The company has also appointed Robert Staples as senior vice president, Surety and will report directly to Lou Iglesias, Allied World US Property & Casualty president.

Based in Philadelphia, US, Staples will oversee the development of the new department.

With over 30 years of underwriting experience in the insurance industry, Staples served at American International Group (AIG) as vice president and product line manager for Environmental Surety, prior to joining Allied World.

The new Allied World’s US surety line will provide environmental surety bonds as well as, contract and commercial surety bonds, as either on a standalone basis or in conjunction with Allied World US’s environmental insurance.

Allied World Assurance provides innovative property, casualty and specialty insurance and reinsurance solutions for its clients.