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Allied World Assurance Company Holdings, AG, has announced that Allied World Bermuda has launched a new accountable care organization (“ACO”) liability product that provides coverage for ACOs that are newly emerging health care organizations characterized by a payment and care delivery model that ties provider reimbursements to quality of care metrics and reductions in the total cost of care for an assigned population of patients.

Last year, Allied World launched an ACO product for the U.S. market for companies of any size or make-up. It said that this new ACO product was created for the Bermuda-centric health care clients who plan to maintain the working layer of the ACO risk – at least US$1 million – and are looking to secure excess capacity in the marketplace.

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