Allied World Europe Appoints Enrico Bertagna Senior Vice President, Business Development

Allied World Europe Appoints Enrico Bertagna Senior Vice President, Business Development

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYS: AWH) announced today that Allied World Europe has appointed Enrico Bertagna, Senior Vice President, Business Development. In this role, Mr. Bertagna will be responsible for expanding Allied World Europe's product and service offering, and managing distribution channels and broker relationships.

Prior to joining Allied World Europe, Mr. Bertagna spent over 20 years at Lloyd's where he was most recently Head of Southern, Eastern Europe and Africa for Lloyd's and led expansion efforts in emerging markets. He began his career developing commercial relationships with Lloyd's business partners in Italy and eight years later he was promoted to Senior Manager, Operations & Development. He was then appointed Lloyd's General Representative (Country Manager) for Italy and was given the additional role of Senior Manager, European Development where he was responsible for co-ordinating all business development activities for Lloyd's European offices. He was then promoted to Regional Manager, Europe while retaining the position of Country Manager for Italy. In this role, Mr. Bertagna implemented the strategy for Continental Europe by consolidating Lloyd's presence in mature markets and establishing a new presence in Ireland, The Netherlands, the Nordic Region and Poland. Throughout his career, he has also managed relationships with insurance regulators and developed close contacts with key associations throughout Europe such as BIPAR and FERMA.

Julian James, President, Allied World Europe, commented, "Enrico's wealth of industry knowledge, experience and network of contacts will be a great asset to our company as we continue to position ourselves as a leading specialist insurer within Europe. This appointment is part of our ongoing commitment to expansion in the U.K. and greater European markets."

For additional information about Allied World Europe's initiatives, please contact Enrico Bertagna at enrico.bertagna@awac.com or Rebecca Haggerty, Assistant Vice President, Marketing & Communications at rebecca.haggerty@awacservices.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.

Media:
Noelle Campbell, +1-646-794-0544
noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
sarah.doran@awac.com

KEYWORDS: United States Europe North America New York Switzerland

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