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Allied World Launches Product Recall Insurance Products in North America

Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that its Product Recall insurance products are available in Canada and the United States, as part of the Global Crisis Management Division. The Product Recall insurance offers both First Party and Third Party coverage and it allows clients to mitigate the risk of recall expenses, adverse publicity and damage to brand reputation, business interruption costs and insureds’ defense costs.

Todd Germano, Executive Vice President, Allied World Global Crisis Management Division, commented, “We’re delighted to bring this important coverage to the North American market. Our specialized underwriting approach allows us to provide product recall coverage solutions to meet clients’ needs.”

Tom Mangan, Vice President, Product Recall, is an industry veteran with over 30 years of insurance experience. He will lead the product recall underwriting team and serve Canada and the United States from Allied World’s New York office. Tom added, “We have great bench strength on our team and clients can reach out directly to myself or Sean O’Dea, Underwriter, Product Recall, to learn more about how these products can help provide financial protection for their business.”

For more information on Allied World’s product recall offerings, please contact Tom Mangan at Thomas.Mangan@awac.comor Sean O’Dea at Sean.ODea@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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