Allied World Europe Appoints New Vice President for Zug Office

ZUG, Switzerland, September 8, 2011 -

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Kurt Fleischmann has joined Allied World Europe as Vice President, General Casualty & Professional Lines.  Mr. Fleischmann will be based in Zug, Switzerland where Allied World recently launched a new direct insurance underwriting platform. He will oversee the regional development of this portfolio, which includes primary and excess General Liability and Professional and Management Liability products such as Professional Indemnity, Directors & Officers, Representations and Warranties. 

Frank D’Orazio, President, Bermuda & International Insurance, commented, “We are very excited that Kurt has joined the Allied World Europe team.  His three decades of experience in the industry, and extensive contacts throughout continental Europe will be a great asset as we continue building our insurance operations internationally.  Combined with the launch of our new Swiss operating company last week, we are in a great position to support further expansion in Europe.”

Mr. Fleischmann has over 30 years of experience in the insurance industry and has held various underwriting and management positions at Torus, ACE and Swiss Re.

About Allied World Assurance Company

Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering 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 www.awac.com for further information on 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 impact of acts of terrorism and acts of war; greater frequency or severity of unpredictable catastrophic events; negative rating agency actions; the adequacy of our loss reserves; 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.

Media: Faye Cook, VP, Marketing & Communications, +1-441-278-5406, faye.cook at awac.com, Investors: Keith J. Lennox, Investor Relations Officer, +1-646-794-0750, keith.lennox at awac.com