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Allied World Europe Launches Onshore Construction; Appoints Alf Müller Senior Vice President

Allied World Assurance Company Holdings, AG announced today that Allied World Europe has launched a new Onshore Construction insurance line of business. Alf Müller has been appointed Senior Vice President to lead the team. He will be responsible for building the line of business and developing a comprehensive Onshore Construction product suite.

Julian James, President of Allied World Europe, commented, “As the global economy develops, companies are once again expanding their operations. In particular, the European construction market is showing signs of revitalization, providing a tremendous amount of opportunity for growth in the sector. Specialty risks, such as onshore construction, require technical expertise. Alf has over 20 years of experience in the construction market and his breadth of knowledge and reputation will be a great asset as we look to build-out this book of business.”

He added, “Over the past several months, we have been expanding our primary product offerings throughout Europe to accommodate the continually evolving needs of our insureds. This latest launch affirms our commitment to offering sophisticated products and services to meet the latest risks in the market.”

Prior to joining Allied World, Mr. Müller was most recently Energy & Property Manager for Europe at American International Group (AIG). He has over 20 years of insurance industry experience specifically in the energy and construction markets. Mr. Müller holds a degree in mechanical engineering, with a focus on construction and development, from the Technical University of Munich, Germany.

For more information about our new Onshore Construction offering please contact Alf Müller at alf.muller@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
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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