ZUG, Switzerland, July 17, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World U.S. has appointed Kevin Maloney as Vice President, Excess Casualty. Mr. Maloney will oversee the management and build-out of Allied World's Real Estate & Financial Institutions practice, which will offer a host of casualty coverages tailored to Allied World's U.S. clients. Mr. Maloney will be based in the New York office and will report to Joe Cellura, Senior Vice President, U.S. Property and Casualty.
Mr. Cellura commented, "I have personally known Kevin for a long time and think he will be a great addition to the Excess Casualty team here at Allied World. Kevin will bring more specialization to the Real Estate and Financial Institutions practice, adding to an already robust platform, which includes our current Real Estate product suite and Strategic Response. This new practice will offer additional enhancements to the current product suite as well as lead umbrella coverage and cover for premise, operations and general liability."
Mr. Maloney has over 20 years of experience in the insurance industry. Prior to joining Allied World, Mr. Maloney was with the American International Group (AIG) and Chartis for 14 years where he was most recently Executive Vice President, Excess Casualty, overseeing the Real Estate & Financial Institutions Umbrella Division nationwide for Chartis. Before AIG, Mr. Maloney held several management positions with Yasuda America Fire & Marine Insurance Company and with Aetna and Travelers Insurance companies. He has a degree in marketing from St. John's University.
For more information on the Real Estate and Financial Institutions practice, please contact Mr. Maloney direct at KevinA.Maloney@awac.com.About Allied World Assurance CompanyAllied 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 StatementsAny 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. SOURCE Allied World Assurance Company Holdings, AG
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