Allied World Asia Hires Nigel Taylor as Head of Claims for the Asia Pacific Region

Dec 13, 2010, 22:00 ET from Allied World Assurance Company Holdings, AG

ZUG, Switzerland, Dec. 13, 2010 /PRNewswire -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Nigel Taylor has joined the Allied World Asia team as Head of Claims for the Asia Pacific region. Mr. Taylor will be based in Hong Kong reporting directly to Colm Singleton, Senior Vice President, Chief Claims Officer for Bermuda & International and William Cotter, Managing Director for the Asia Pacific region. Mr. Taylor will be responsible for the planning and direction of the claims operation for Allied World Asia, ensuring the delivery of a responsive and client-focused service for clients throughout the Asia Pacific region.

Prior to joining Allied World Asia, Mr. Taylor worked for Munich Re Hong Kong as Deputy Head of Claims for the Greater China region, responsible for casualty and marine claims. Prior to Munich Re Hong Kong, he was with the Corporation of Lloyd's in a market supervision and corporate governance role, working in partnership with the Lloyd's syndicates to ensure effective claims management.  Mr. Taylor began working in insurance in 2002 as an in-house legal advisor to Euler Hermes. Subsequently he joined Hiscox as a claims adjuster, working with various lines of business including, professional & financial lines, general casualty, construction surety bonds, marine & energy liability, aerospace, terrorism and political risks. Mr. Taylor is a non-practising barrister and ACII qualified. He has acquired mediation experience in U.K., U.S. and Caribbean jurisdictions.

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



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