Allied World Europe Appoints Andrew Graham Vice President, Mergers And Acquisitions

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World Europe has appointed Andrew Graham Vice President, Mergers and Acquisitions. In his new role, Mr. Graham will oversee the strategy, underwriting and marketing of Allied World Europe’s warranty and indemnity, tax liability, special situation/contingent risk and litigation buyout insurance products.

Julian James, President of Allied World Europe, commented, “With the economic environment improving, companies are increasingly looking at how to develop their businesses and as a result M&A activity is picking up. There is a growing interest in the use of insurance products to help bridge the expectations gap that often exists between buyers and sellers. Andrew is considered one of the leading underwriters in this business, and his industry and market knowledge will be instrumental in delivering the state-of-the-art coverage and superior service that underpin our offering.”

Mr. Graham will report to Gary Lill, Senior Vice President, Professional Lines. Prior to joining Allied World, Mr. Graham spent seven years in senior underwriting and management positions within the mergers and acquisitions insurance group of AIG Europe Limited, including for the past two years as Vice President, EMEA Manager. He also served as Group Underwriting Counsel and Underwriting Manager for AIG Europe Limited. He began his career as a corporate solicitor at Nabarro LLP and subsequently at Eversheds LLP.

For more information about our suite of M&A products in Europe please contact Andrew Graham at andrew.graham@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 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.

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