Allied World takes product recall range to US and Canada

Allied World Assurance Company Holdings, the re/insurance company, has made its product recall insurance products available in Canada and the US, as part of its global crisis management division. The product recall insurance offers both first party and third party coverage and it allows clients to mitigate the risk of recall expenses, adverse publicity and damage to brand reputation, business interruption costs and insureds’ defense costs. Todd Germano, executive vice president, Allied World global crisis management division, said: “We’re delighted to bring this important coverage to the North American market. Our specialised underwriting approach allows us to provide product recall coverage solutions to meet clients’ needs.” Tom Mangan, vice president, product recall, will lead the product recall underwriting team and serve Canada and the US from Allied World’s New York office. He is an industry veteran with more than 30 years of insurance experience. Mangan added: “We have great bench strength on our team and clients can reach out directly to myself or Sean O’Dea, underwriter, product recall, to learn more about how these products can help provide financial protection for their business.”