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Allied World North America Appoints Jason Glasgow as Head of U.S. Cyber Platform

Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Jason Glasgow has been appointed Vice President, Practice Lead – Technology, Privacy & Network Security Professional Liability for Allied World U.S. In this role, Mr. Glasgow will be responsible for the strategy, management and underwriting of Allied World’s U.S. Cyber platform.

Christian Gravier, President, Allied World North American Professional Lines, said: “We are extremely pleased to have Jason join the team. His 14+ years of insurance experience is invaluable and his reputation will be a great asset as we continue to grow our product and FrameWRX services in the cyber space.”

Al Fantuzzi, Senior Vice President and Head of the North American E&O Division, said: “Jason comes to Allied World highly regarded and has extensive knowledge of the cyber insurance segment. He will work closely with Joe Labieniec, Senior Vice President, E&O Division, and will be a great fit for our organization.”

Mr. Glasgow joins Allied World from Travelers, where he most recently held the position of Vice President and Cyber Risk Product Manager. He obtained his undergraduate degree from University of Puget Sound, Tacoma, WA and a J.D. from the University of Connecticut School of Law in Hartford, CT.

For further information about Allied World’s U.S. cyber capabilities, please contact Al Fantuzzi at al.fantuzzi@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 AA- by Fitch.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://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.

Contacts:

Allied World
Media:
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
Faye.Cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations and Treasurer
Sarah.Doran@awac.com
Website: www.awac.com

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