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Allied World Appoints Julian James, President of Allied World Europe; Bolsters Platform Expansion

Allied World Appoints Julian James, President of Allied World Europe; Bolsters
                              Platform Expansion

  PR Newswire

  ZUG, Switzerland, Feb. 5, 2013

ZUG, Switzerland, Feb. 5, 2013 /PRNewswire/ -- Allied World Assurance Company
Holdings, AG (NYSE: AWH) announced today that Julian James has been named
President of Allied World's European platform effective March 4, 2013, pending
certain regulatory approvals.

In his new role, Mr. James will be responsible for the strategic direction and
underwriting performance of Allied World's European insurance platform, and
will work closely with executive management and the company's boards of
directors to execute the platform's operating plans and initiatives. Mr. James
will be based in Allied World's London office.

Frank D'Orazio, Allied World's President of Bermuda & International Insurance,
stated, "Our European platform continues to serve as an important growth area
for Allied World. Over the last few years, we've launched several new products
and divisions as well as our Syndicate 2232, and we are extremely pleased to
announce that Julian has joined our management team to further enhance these
efforts. His extensive background in building and managing successful
international businesses will greatly complement our current strategy to
further advance our European operations."

Mr. James continued, "I am very excited to have the opportunity to be part of
Allied World's continuing global expansion and to join such a strong
management and underwriting team. Allied World's European platform is
recognized as a leader in the excess market, and I look forward to helping
them further diversify and develop their business."

Mr. James has over 30 years of industry experience. He most recently served as
Chief Executive Officer of Lockton International since April 2008, primarily
responsible for developing its global operations. Prior to that, Mr. James
held a succession of management positions at Lloyd's globally since 1997 as
well as chaired and served on several Lloyd's boards. He started his career at
Sedgwick Group in 1981, and obtained his Master's in Business Administration
from Cranfield University. Mr. James is the Immediate Past President of The
Chartered Insurance Institute.

About Allied World Assurance Company

Allied 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 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.

Website: http://www.awac.com
Contact: Media: Faye Cook, VP, Marketing & Communications, +1-441-278-5406,
faye.cook@awac.com; Investors: Keith J. Lennox, Investor Relations Officer,
+1-646-794-0750, keith.lennox@awac.com