The new policy is designed for small to midsize law firms with 25 or fewer attorneys with revenues of $50,000. It's geared for lawyers with all levels of experience in all practice areas, except for patent prosecution.
"This new and differentiated product offering is a continuation of Allied World's strategy to build a specialty company in the U.S. around unique industry niches," Gordon Knight, president of Allied World U.S., said in a statement.
Darwin will distribute the product through wholesale or retail producers including key partnerships with Agency Marketing Systems and Jardine Lloyd Thompson.
Allied World (NYSE: AWH) acquired Darwin, a specialty insurer that focuses on professional liability insurance, from Alleghany Corp. of New York for $550 million last year (BestWire, June 30, 2008).
Midday on March 6, Allied World's stock was trading at $32.85 a share, down 1.26% from the previous close.
Allied World Assurance Co. and Darwin Group both currently have a Best's Financial Strength Rating of A (Excellent).
(By Meg Green, senior associate editor, BestWeek: Meg.Green@ambest.com)

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