Allied World U.S. Announces Ken Cornell to Speak at National Brownfields Conference

Mar 31, 2011, 10:00 ET from Allied World Assurance Company Holdings, AG

ZUG, Switzerland, March 31, 2011 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Ken Cornell, Senior Vice President, Environmental for Allied World U.S. will be speaking on a panel, "Emerging Developments in Environmental Insurance: Challenges, Trends, and the Impact on the Brownfield Development" at the 14th National Brownfields Conference. The event will be held in Philadelphia, Pennsylvania from April 3-5, 2011.

Mr. Cornell started the Environmental division at Allied World in October 2009. As Senior Vice President, he oversees the development of environmental insurance products and the build-out of the division nationally. Prior to joining Allied World, Mr. Cornell was Executive Vice President for JCH Environmental Insurance Brokers, a division of Crump Insurance Services Inc. Before JCH, he worked at AIG for 22 years. Mr. Cornell has over 25 years of experience in the environmental insurance industry.

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.

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