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Allied World Launches Property for Energy Risks in the Canadian Market

Allied World Assurance Company Holdings, AG announced today the launch of its property line for energy risks in the Canadian market. The company launched its initial property & excess casualty offerings for Canada in May. The new team will provide capacity for a wide range of industry classes in the energy space and will be led by Dan Fitzpatrick, Vice President. Jim MacKenzie has also been appointed Vice President and will assist with the build-out of this line of business.

Gord Kerr, Senior Vice President, Chief Agent & Canada Branch Manager commented, “We are building a world-class P&C offering in the Canadian market. This latest launch is yet another example of our commitment to provide the most comprehensive coverage for our insureds. Dan and Jim are well known players in the space and I look forward to working with them personally on the build-out of this line.”

Prior to joining Allied World, Mr. Fitzpatrick was most recently Regional Vice President for Energy and Technical Risk at Arch Canada. He is a seasoned underwriter with almost 30 years of experience in the industry and holds a degree in chemical engineering from McGill University. Mr. MacKenzie also joins Allied World from Arch Canada where he was a Vice President for Energy and Technical Risk. He has almost 40 years of varying experience in the industry on both the carrier and broker sides.

For more information on Allied World’s property offering in Canada, visit our website at: http://www.alliedworldinsurance.com/product/89-110-480/property or contact Dan Fitzpatrick at dan.fitzpatrick@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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