Allied World to Host Panel at Global Climate Change Workshop
ZUG, Switzerland, June 3, 2013 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World will host a panel at the C40 Cities Climate Adaptation and Risk Assessment Workshop. The event will be held in Rotterdam, the Netherlands, from June 3-6, 2013. The workshop will reconvene the Connecting Delta Cities network and will be the inaugural gathering of the new network of C40 cities focused on Climate Adaptation Risk Assessment.
The goal of the workshop is to increase understanding and knowledge among cities by encouraging them to share their experience of barriers and solutions to common challenges in climate adaptation and risk assessment. Allied World's panel will focus specifically on property insurance and modeling. The panel will be held on the morning of Thursday, June 6 and is entitled: "Property Insurance and Risk Modeling for Municipalities."
Scott Carmilani, President and Chief Executive Officer for Allied World commented, "We commenced our partnership with C40 Cities at the beginning of this year because, as a global insurance and reinsurance operation, we pay close attention to the potential impact that climate change may have on the world economy. More importantly, we believe that proper risk assessment and modeling along with preparation can greatly decrease the impact that catastrophic events can have on a city or municipality. As such, insurance and reinsurance companies can take a leadership role in helping governments mitigate the impact of climate change."
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.
The C40 Cities Climate Leadership Group (C40) is a network of large and engaged cities from around the world committed to meaningful and sustainable climate related actions locally that will help address climate change globally. C40 was established in 2005 and expanded via a partnership in 2006 with President William J. Clinton's Climate Initiative (CCI). The current chair of the C40 is New York City Mayor Michael R. Bloomberg. To learn more about the work of C40 and our Cities, please visit www.c40.org, follow us on Twitter @c40cities and like us on Facebook at http://www.facebook.com/C40Cities.
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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