Allied World Announces New Risk Management Services Privacy 403v2

ZUG, Switzerland, Jan. 11, 2011 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced new strategic risk management relationships with the law firm of Hogan Lovells US LLP and eRisk Hub® available for Privacy 403v2 policyholders.

"The goal of our program is to provide our policyholders with both proactive resources and advice as well as just in time support and access to industry experts in the event of an information breach," said Susan Chmieleski, Senior Vice President Healthcare Product and Risk Management Lead, Allied World U.S.

Our program includes the following Hogan Lovells resources: Guide for Data Security Breach Preparedness and Response, Monthly Updates on Important Developments in Privacy and Information Management Law, Chronicle of Data Protection, Webinars, Help Desk for Breach Response and Incident Reporting, and Proactive Consulting.

Additionally, Allied World's e-Risk Hub® portal powered by Net Diligence is an internet-based service that features news, content and services from leading practitioners in risk management, computer forensics, forensic accounting, crisis communications, legal counsel, and other highly-specialized segments of cyber risk.

Adam Sills, Vice President of Allied World U.S.' Privacy/Technology Unit adds, "We are very pleased to announce our Risk Management services providing our Privacy 403v2 policyholders with the ability to proactively manage and respond to Privacy risks."

About Allied World Assurance Company

Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of branches and affiliates.  Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Please visit our website at www.awac.com for further information on Allied World.

Cautionary Statement Regarding Forward-Looking Statements

Any forward-looking statements made in this press release reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements.  For example, our forward-looking statements could be affected by pricing and policy term trends; increased competition; the impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; the company or its subsidiaries becoming subject to significant income taxes in the United States or elsewhere; changes in regulations or tax laws; changes in the availability, cost or quality of reinsurance or retrocessional coverage; adverse general economic conditions; and judicial, legislative, political and other governmental developments, as well as management's response to these factors, and other factors identified in our filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We are under no obligation (and expressly disclaim any such obligation) to update or revise any forward-looking statement that may be made from time to time, whether as a result of new information, future developments or otherwise.

SOURCE Allied World Assurance Company Holdings, AG