Allied World's Samuel Carucci to Speak on Panel for Advisen's MMSEA and Professional Liability's Hidden Burdens Webinar

Nov 19, 2009, 11:00 ET from Allied World Assurance Company Holdings, Ltd

PEMBROKE, Bermuda, Nov. 19 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World's Sam Carucci, U.S. Casualty Claims Manager, will be speaking on a panel for Advisen's webinar at 11am (EST) on Monday, November 23, 2009, discussing Medicare, Medicaid and SCHIP Extension Act of 2007 (MMSEA) and Professional Liability's Hidden Burdens.

With the passage of the MMSEA, Congress has sought to protect the Medicare system from paying expenses considered to be the obligation of an insurance company, self-insured organization or other entity. This webinar will discuss the current state of MMSEA regulations and enforcement. Specific questions to be addressed include: How will the regulations impact Professional Liability lines of business? How are non-U.S. based carriers impacted? How are EPL and other lines affected? What are the critical dates? How will MMSEA impact settlements, costs and loss ratios? The panel of experts will discuss implementation tips and pitfalls to avoid. Registration information for this webinar is available at https://www.advisen.com/events.html.

As Manager of the Casualty Claims department in the U.S., Mr. Carucci oversees a team of senior claims analysts who are responsible for handling the company's Primary, Excess and Umbrella General Casualty claims. Before joining Allied World, Mr. Carucci was a Complex Director at AIG Domestic Claims, Inc., where he managed high severity/high profile claims nationwide, often in the national spotlight. Mr. Carucci also practiced as an Appellate attorney for AIG with Shaub, Ahmuty, Citrin & Spratt, LLP in New York. Mr. Carucci earned his B.S. from Fairfield University in Connecticut, where he was a Congressional Scholar, and his J.D. from St. John's University School of Law, where he served as an Editor of the American Bankruptcy Institute Law Review. He has also been a panel member for the American Bar Association, and is a member of the Federation of Defense & Corporate Counsel.

About Allied World Assurance Company

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, Europe, Hong Kong, Singapore and the United States. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at www.awac.com.

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 the ability to recognize the benefits of the Darwin Professional Underwriters, Inc. acquisition; 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; investigations of market practices and related settlement terms; 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 including those related to the ongoing financial crisis; 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, Ltd



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