Allied World Europe Appoints Denis Burniston, Senior Vice President To Lead Primary Casualty Operation; Further Expands European Platform

Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Denis Burniston has been appointed Senior Vice President, General Casualty for Allied World Europe to lead the company’s primary casualty operation in London.

In this new role, Mr. Burniston will be responsible for developing Allied World Europe’s primary casualty book of business, which includes primary public liability, products liability and UK employers’ liability. This appointment complements the company’s European growth strategy and investment in servicing the UK primary commercial retail marketplace. Specifically, Mr. Burniston is charged with growing the company’s book of primary liability business in both the construction and commercial insurance space, which will further complement Allied World’s existing capability to write primary casualty, primary property and primary professional lines products.

Julian James, President of Allied World Europe, commented, “We are pleased to announce that Denis has joined the Allied World team. He has a demonstrated track record of building and managing a complex portfolio of primary casualty business. This is another step in our ongoing strategy to expand our European business by extending capabilities in a number of different areas. We have made great strides in enhancing our primary casualty offering for UK commercial clients, and Denis’s arrival will further increase our expertise across a complex portfolio of primary public, products and employer’s liability risks.”

Anthony Kashuba, Senior Vice President, General Casualty, said, “Denis has unique technical knowledge and a deep understanding of the primary marketplace. His ability to introduce and manage new products within the area is an important element of both our European general casualty growth strategy, and our overall platform strategy.”

Mr. Burniston has nearly 40 years of experience within the insurance industry, most recently, as Chief Underwriting Officer UK/Ireland/Middle Markets at XL Insurance UK Ltd since 2007. Beginning his career at Bain Dawes as a Casualty Broker in 1975, Mr. Burniston served in a succession of underwriting and management roles with AIG UK Ltd from 1981 to 1986, served as Senior Underwriter and Director of UK Liability at QBE Lloyd’s Managing Agency – Syndicate 386 from 1986 to 2002, worked as Active Underwriter of Illium/HCC Syndicate 4040 from 2003 to 2007.

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.

Copyright Business Wire 2010

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