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Allied World Continues Global Expansion; Opens Branch Office in Canada

Allied World Assurance Company Holdings, AG announced today the opening of a branch office in Toronto, Ontario to further expand its North American insurance operations. Gord Kerr has been appointed Senior Vice President, Chief Agent & Branch Manager for the region.

President and Chief Executive Officer Scott Carmilani commented, “Opening an office in Canada has been a strategic objective of Allied World for some time. With 12 branch offices working towards full capacity throughout North America, we have greater proximity to all of our customers and trading partners and we are well positioned for further expansion.”

Mr. Kerr will be responsible for the production and profitability of the region as well as managing distribution channels, broker and regulatory relationships. He has over 30 years of experience in the insurance industry, specifically in Canada. Prior to joining Allied World, Mr. Kerr spent four years as the CEO and Chief Agent for Arch Insurance Company’s Canadian operations. Before joining Arch, he spent 28 years with AIG in Canada, holding various management positions, including Chief Operating Officer for AIG in Canada.

Lou Iglesias, President, Allied World North America commented, “Gord is a great addition to Allied World’s North American team. His breadth of experience in the market and his extensive contacts will be a great asset as we work together to build a world-class specialty offering for the region.”

For more information on Allied World's Canadian branch office, please contact Gord Kerr directly at gordon.kerr@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.

Contacts:

Allied World Assurance Company Holdings, AG
Media:
Noelle Campbell, +1-646-794-0544
Assistant Vice President & Director of Public Relations
noelle.campbell@awacservices.com
or
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 & Treasurer
sarah.doran@awac.com

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