News Column

Allied World North America Launches Architects and Engineers Professional Liability Coverage; Appoints Doug Hamilton, Vice President

July 29, 2014



ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG announced today that Allied World North America launched its new Architects and Engineers Professional Liability line of business for the U.S. market. Coverage will be offered for four distinct areas, within the construction industry: architects and engineers professional liability, constructors professional liability, project specific coverage for design exposure and owners protective professional indemnity on both a primary and excess basis. Doug Hamilton has been appointed Vice President and will oversee the development of this new product line.

Joe Cellura, President, North American Casualty commented, “We are thrilled that Doug has joined Allied World’s continuously expanding P&C team. There are numerous challenges facing today’s design professionals including expanded regulatory requirements, technological advances and broadening contractual expectations. Specialized fields require technical expertise and Doug’s years of experience in the industry, combined with our robust risk management services, will help clients mitigate exposures from the outset.”

Lou Iglesias, President, Allied World North America, added, “The addition of our Architects & Engineers line is another step in our mission to find meaningful opportunities to bring our clients specialty expertise that addresses their evolving risks. This launch adds to our full suite of products customized to fit the needs of the construction industry. Doug is a leader in this field and I look forward to working with him to build out this book of business.”

For more information on Allied World’s Architect and Engineers Professionally Liability coverage solutions, please contact Doug Hamilton direct at douglas.hamilton@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.




Allied World Assurance Company Holdings, AG

Media:

Noelle Campbell

Assistant Vice President & Director of Public Relations

+1-646-794-0544

noelle.campbell@awacservices.com

or

Faye Cook

Senior Vice President, Marketing & Communications

+1 441-278-5406

faye.cook@awac.com

or

Investors:

Sarah Doran

Senior Vice President, Investor Relations & Treasurer

+1 646-794-0590

sarah.doran@awac.com

Source: Allied World Assurance Company Holdings, AG


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