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Allied World Launches Property & Excess Casualty Lines for the Canadian Market

Allied World Assurance Company Holdings, AG announced today the launch of the initial Property & Casualty (P&C) offering in the Canadian market. Gord Kerr, Senior Vice President, Chief Agent & Branch Manager, will oversee the build-out of these lines and will be responsible for production, profitability and distribution throughout the region.

The new property team will provide capacity for a wide range of industry classes for mid- to large-size Canadian-based companies on either primary, quota-share or excess layers.

The new excess casualty team will underwrite a wide range of classes on either the lead umbrella or excess layer. Robust risk management services including Allied World’s Strategic Response℠ will be available for all policy holders.

Mr. Kerr commented, “While many insurers provide P&C coverage, we are proud to offer first-class products that limit coverage gaps and provide customized solutions tailored for each client. Our underwriters have technical expertise in their respective lines and work directly with our risk management and claims teams to partner with clients, limiting their exposures early on.”

Bobby Bowden, Executive Vice President & Chief Marketing Officer for Allied World, added, “Again, we are committed to building a dynamic product offering in Canada. We just rolled out our well-respected ForceField® product suite and are now launching our P&C lines of business. Canada is an important territory for Allied World and we continue to provide our trading partners and clients with innovative products that fill a void in the market.”

For more information on Allied World’s property offering in Canada, please contact Val Persaud, Vice President, Property at val.persaud@awac.com. For information on Allied World’s excess casualty offering in Canada, please contact Mark Bryant, Assistant Vice President, Casualty at mark.bryant@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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