Allied World Reinsurance U.S. Launches Global Marine and Specialty Division; Appoints Kevin Marine

Dec 15, 2010, 11:00 ET from Allied World Assurance Company Holdings, AG

ZUG, Switzerland, Dec. 15, 2010 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Re U.S. has launched a global Marine and Specialty Division that will initially offer reinsurance for marine, aviation, satellite and crop reinsurance on a global basis. Allied World Re U.S. has appointed Kevin Marine as Senior Vice President, Head of Global Marine and Specialty. He will be based in New York and report directly to Thomas Kelly, Chief Underwriting Officer for Allied World Re U.S.

Thomas Kelly commented, "We are excited to announce our Global Marine & Specialty Division as part of Allied World Re U.S.'s commitment to provide our clients and brokers with the most comprehensive reinsurance solutions. I am confident that Kevin's extensive experience and reputation in these industry segments will be an invaluable asset as we look to support this business both in North America and abroad."

Mr. Marine has over 20 years of experience in the reinsurance industry. Prior to joining Allied World Re U.S., Mr. Marine was most recently Senior Vice President, Chief Operating Officer and Chief Underwriting Officer for Platinum Underwriters Reinsurance, Inc. in New York.

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 for further information on Allied World.

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SOURCE Allied World Assurance Company Holdings, AG