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NEW YORK ( TheStreet) -- Allied World Assurance Company Holdings (NYSE: AWH) hit a new 52-week high Friday as it is currently trading at $77.38, above its previous 52-week high of $77.36 with 42,755 shares traded as of 10:10 a.m. ET. Average volume has been 237,100 shares over the past 30 days. Allied World Assurance has a market cap of $2.83 billion and is part of the financial sector and insurance industry. Shares are up 21.1% year to date as of the close of trading on Thursday. Allied World Assurance Company Holdings, AG operates as a specialty insurance and reinsurance company in Bermuda, Hong Kong, Ireland, Singapore, Switzerland, the United Kingdom, and the United States. The company has a P/E ratio of 6.1, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.