Allied World Europe Expands Professional Liability Team; Appoints Goodair and Lee

Allied World Assurance Company Holdings, AG announced today that Allied World Europe has expanded its professional liability team with the addition of two new vice presidents, Alec Goodair and Nicholas Lee. Mr. Goodair has been appointed Vice President, European Financial Institutions and Mr. Lee has been appointed Vice President, European Professional Indemnity. Both will be based in Allied World’s London office.

Ed Moresco, Senior Vice President, Bermuda & International Product Line Manager, Professional Lines commented, “We continue expanding our international professional liability team to better serve the needs of our clients and trading partners. Alec’s and Nicholas’s technical expertise in their respective lines and their reputation in the London market will be instrumental as we look to grow these books.”

Mr. Goodair has over 15 years of experience in the insurance industry. He was most recently Vice President, Major Accounts Manager, Commercial Insurance, for AIG Europe. Prior to joining the carrier side, Mr. Goodair worked at both Marsh and Aon focusing on international accounts. Mr. Lee also has substantial experience on both the carrier and broking side working in both Europe and the Asia Pacific markets. Before joining Allied World, Mr. Lee was most recently Vice President, Financial Lines Manager at AIG based in London.

For more information on Allied World Europe’s full suite of professional liability products, please contact Ed Moresco at ed.moresco@awac.com.

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.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: http://www.linkedin.com/company/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 adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; 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.