Allied World Appoints John Patin Senior Vice President, Investments
ZUG, Switzerland, May 14, 2013 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that John Patin has been appointed Senior Vice President, Investments. Mr. Patin will be based in Allied World's New York office and will report directly to John Gauthier, Chief Investment Officer for the holding company and President of Allied World Financial Services.
Mr. Gauthier commented, "We are very excited that John has joined Allied World's investment team. John's in-depth experience as an investment manager and almost 20 years in the financial industry make him exceptionally qualified to oversee the operations of our growing investment portfolio. I am confident that John will be a tremendous asset as Allied World continues to expand."
As Senior Vice President, Investments, Mr. Patin will be responsible for the oversight of Allied World's investment portfolio, including monitoring investment strategy, trading activity and performance results among the company's investment advisors, and will play a key role in the company's tactical asset allocation process.
Prior to joining Allied World, Mr. Patin was Vice President of Investments at Alterra Capital. While at Alterra, Mr. Patin was responsible for oversight and management of the firm's investment operations. He also served as a member of Alterra's Operational and Risk Committee and Management Leadership Team. Mr. Patin was previously a founding member of Alstra Capital Management and served as Director of Research. He began his career working at Morgan Stanley/Graystone Wealth Management as an investment analyst. Mr. Patin received a B.S. in Economics and International Relations from the University of Wisconsin-Madison.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers superior client service through a global network of offices and branches. All of Allied World's rated insurance and reinsurance subsidiaries are rated A by A.M. Best Company, A by Standard & Poor's, and A2 by Moody's, and our Lloyd's Syndicate 2232 is rated A+ by Standard & Poor's and Fitch.
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.
Sarah Doran, +1‐646‐794‐0590
SOURCE Allied World Assurance Company Holdings, AG