Allied World Europe Launches Corporate Property Line of Business

ZUG, Switzerland, Sept. 25, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Europe has officially launched its Corporate Property line of business. The unit will target a broad range of European domiciled companies writing lead, co-insured and layered programmes. Richard Nathan, Vice President, European Corporate Property Manager, will oversee the line of business from Allied World's London office. 

Andy Brooks, Vice President, International Property, commented, "Allied World has underwritten International Property in the London Market since 2002. We are now expanding our capability to meet the needs of the corporate sector in Europe as either a lead insurer or a co-insurer for companies who are looking for a strategically aligned carrier.  Risk management and loss control services are key elements to our underwriting approach and we look forward to working with new and existing clients and brokers to customise risk transfer solutions tailored to meet their continually evolving needs."

Frank D'Orazio, President, Bermuda and International Insurance, commented, "Expanding our European portfolio is a priority for Allied World.  With offices in London, Dublin and Zug, as well as our Lloyd's Syndicate, Syndicate 2232, Allied World is well positioned to service the evolving needs of our clients and distribution partners. I look forward to working with both Richard and Andy to expand our European property presence."

For more information about the new European Corporate Property Division, please contact Richard Nathan at richard.nathan@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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