Allied World Assurance Company Holdings, AG (AWH) is a Swiss-based insurer and reinsurer with branches in Bermuda, Europe, Hong Kong, Singapore and the United States. It was originally formed in 2001 in Bermuda. Beginning in 2007, Allied World started to actively develop its U.S. insurance business to decrease its reliance on Bermuda -- and in 2010 it changed its domicile to Switzerland. The company is well diversified across product lines, well reserved, and its stock is well priced offering an average earnings yield of some 15%. Let us take a look at Allied World Assurance.
Allied has three main operating segments:
Let's break this down further, however, so you can see the diversification. Below is a outline...