Allied World Bermuda Appoints Patrick Kenahan, Bermuda General Casualty Manager

ZUG, Switzerland, July 18, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG announced today that Allied World Bermuda has appointed Patrick Kenahan as Vice President, Bermuda General Casualty Manager. In his new role, Mr. Kenahan will manage Allied World Bermuda's general casualty book of business, which encompasses excess and lead liability for large risk management clients across a wide spectrum of industries, as well as product recall insurance for middle-market clients.

Mike Hoffmann, Chief Underwriting Officer for Allied World Bermuda, commented, "I am pleased to announce Patrick's promotion. Patrick has a deep understanding of liability insurance within both the US and Bermuda markets, from first dollar primary liability to casualty catastrophe products that attach in excess of $1 billion. He has worked with accounts that range from small businesses to the world's largest corporations, and that breadth of experience gives him a perspective that is beneficial to Allied World and our clients."

Mr. Kenahan is a graduate of Fordham University and has over 18 years of experience in the insurance industry. He began his career underwriting primary commercial auto and general liability at Lancer Insurance, and has held a succession of underwriting positions within the excess casualty divisions of AIG and Zurich Financial Services.  Mr. Kenahan has been underwriting in the Bermuda marketplace since 2003 and joined Allied World in 2009.

For more information on Allied World's Bermuda General Casualty division and products, please contact Mr. Kenahan at patrick.kenahan@awac.com.

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 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. Please visit 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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