Allied World Assurance Company, Ltd, a member company of Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today announced the launch of a new product for Asian banks.

Bankers' Wrap follows the recent launch of the REFLEX, FLEXCESS and FLEXION products and highlights Allied World's ongoing commitment to adding value to the Asian marketplace. The product, unique to the Asian market, provides a new level of protection for Banks at a time when they are facing significant litigation exposures and an uncertain operational risk outlook.