Allied World Europe Advances Marine Division; Appoints Pene Reuben, Assistant Vice President, Marine Liability

Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Allied World Europe will enter the marine liability market, which will further complement the company’s current marine cargo offering. Allied World has appointed Pene Reuben, Assistant Vice President, Marine Liability, to develop and manage the product line.

Bart Grefe, Vice President, Marine, Allied World Global Markets, said “We are delighted to have recruited Pene to build out our marine liability offering, and we welcome him to our growing marine team. Our goal has always been to offer a comprehensive marine product suite, adding additional classes to expand our primary capabilities so that we can offer a portfolio that provides state-of-the-art coverage and excellent levels of service. With Pene’s arrival, we will have a first class marine offering for the London market.”

Julian James, President of Allied World Global Markets commented, “This hire is the latest example of our strategy of building out our European business by recruiting great talent to expand our portfolio to offer clients a long-term commitment in the product lines they need.”

Prior to joining Allied World, Mr. Reuben was Senior Marine Liability Underwriter at Royal & Sun Alliance and Deputy Underwriter at The Shipowners Mutual.

For more information on Allied World Europe’s marine product suite, please contact Bart Grefe at bart.grefe@awac.com or +44 207 220 0716.

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 AA- by 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.

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