Allied World Asia-Pacific Appoints Ramesh Sivanathan as Country Manager, Malaysia
OREANDA-NEWS. August 11, 2016. Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Asia-Pacific has appointed Ramesh Sivanathan as Vice President, fulfilling the role of country manager in Malaysia. He will be based in Kuala Lumpur.
Michael Garrison, Senior Vice President, Head of Insurance, Asia-Pacific, said: “Malaysia is a market with tremendous potential, and Ramesh’s arrival will allow us to put into action our growth plans for the country. We will be building out a strong presence on the ground, and will actively look to diversify our offering.”
Mr. Sivanathan has nearly three decades of experience in the industry, starting his career in loss adjusting, before moving into broking and underwriting in Financial Lines. He previously held the role of Director of Business Development for Federal Insurance’s Labuan branch, and his most recent position was Asia RI Manager for Financial Lines at AIG Singapore.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and AA- by Fitch.
Cautionary Statement Regarding Forward-Looking Statements
Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.