American International Group Inc. (NYSE:AIG), Chubb Corp. (NYSE:CB) and GS Capital Partners 2000 (an investment fund managed by Goldman, Sachs & Co.), taking advantage of current market conditions and the anticipated hard reinsurance market, announced that they have entered the reinsurance field with a Bermuda-based joint venture called Allied World Assurance Holdings Ltd. and its wholly owned subsidiary, Allied World Assurance Co. Ltd..
Allied World will underwrite worldwide commercial property/casualty insurance and reinsurance, property catastrophe treaty reinsurance and certain specialt...
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