Allied World U.S. Launches Surety; Appoints Robert Staples, Senior Vice President

   Allied World U.S. Launches Surety; Appoints Robert Staples, Senior Vice
                                  President

PR Newswire

ZUG, Switzerland, Feb. 27, 2013

ZUG, Switzerland, Feb. 27, 2013 /PRNewswire/ -- Allied World Assurance Company
Holdings, AG (NYSE: AWH) announced today that Allied World U.S. continues to
expand its casualty operations with the launch of a new surety line of
business, available for clients in the United States. Robert Staples has been
appointed Senior Vice President, Surety and will oversee the development of
the new department. Mr. Staples will be based in Philadelphia and will report
directly to Lou Iglesias, President, U.S. Property & Casualty.

Mr. Iglesias commented, "We continue to strategically expand our product
offerings in the U.S. into markets where we believe we can make a meaningful
impact. Our underwriting team will provide key trading partners and customers
with timely analysis and customized solutions to meet their evolving surety
needs. Bob will be a great addition to our growing team in the U.S. and I look
forward to working directly with him to build a first class operation."

Mr. Staples has over 30 years of underwriting experience in the insurance
industry. Prior to joining Allied World, he was most recently, Vice President
and Product Line Manager for Environmental Surety at American International
Group (AIG). Mr. Staples holds a Bachelor's Degree in Business Management
from the University of Michigan.

Allied World's U.S. surety line will offer contract and commercial surety
bonds, as well as environmental surety bonds, either on a standalone basis or
in tandem with Allied World U.S.'s environmental insurance. The line will
target middle market accounts with capacity of $20 million per single contract
and $50 million per aggregate program. Higher limits are available based upon
credit analysis.

For more information on Allied World's Surety products, please contact Mr.
Staples direct at robert.staples@awac.com. 

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.

SOURCE Allied World Assurance Company Holdings, AG

Website: http://www.awac.com
Contact: Media: Faye Cook, Vice President, 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
 
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