Allied World Assurance Co. Holdings Ltd.

Allied World North America and Walnut Advisory Corporation Launch Habitational and Hospitality Program

Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today the launch of a new Habitational and Hospitality Program between Allied World North America and Walnut Advisory Corporation. The property and casualty insurance program offers coverage for hotels, motels, apartments, condominiums, garden style co-ops, and a variety of mixed schedules. The Habitational and Hospitality Program insurance coverage underwritten by Allied World includes a property and commercial general liability package, as well as standalone property.

The coverage is offered on a non-admitted basis nationwide except for in Florida, Texas, and Alaska.

Grace Meek, Senior Vice President, Programs for Allied World, commented, “We have worked with Walnut Advisory Corporation to design a competitive offering for the habitational and hospitality industries.”

Ariel Hessing, President, Walnut Advisory Corporation, added, “We are excited to work with Allied World’s Programs team as their program underwriting expertise paired with our years of experience in this class will help us grow this Program.”

Walnut Advisory Corporation is a privately held, independent Managing General Underwriting Office and Program Administrator located in Warren, New Jersey. The company was founded in 1974 and is a leader in the Habitational industry.

For more information, please contact Grace Meek at [email protected].

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 AA- by Fitch.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: https://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.

EN
04/01/2017

Reports on Allied World Assurance Co. Holdings Ltd.

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  • CFA

Allied World Assurance Company Holdings, AG: Update Following Ratings ...

FINANCIAL INSTITUTIONS CREDIT OPINION 13 July 2017 Update Contacts Jasper Cooper, CFA 212-553-1366 VP-Senior Analyst [email protected] Rocio Nunez 212-553-2850 Associate Analyst [email protected] Sarah Hibler 212-553-4912 Associate Managing Director [email protected] Marc R. Pinto, CFA 212-553-4352 Managing Director [email protected] Allied World Assurance Company Holdings, A

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Allied World Europe Launches UK Commercial Division

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced the launch of its UK Commercial Division, which allows businesses to purchase a single product or a combination of different coverages to meet their particular needs. Julian James, President, Global Markets, said: “At Allied World, we put our customer first, developing offerings that best address the risks they face. Our clients tell us they need simple, affordable and flexible insurance solutions and our UK Commercial ...

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Allied World Global Markets Builds Out Australia Property Team

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today that Jodi Garratt has been appointed Assistant Vice President, Property, Australia. She will report to Carolyn Shreeve, Vice President and Head of Property, Asia-Pacific. Carolyn Shreeve said: “In her new role, Jodi will focus on delivering property solutions for small and medium-sized enterprises in the Australian market, complementing our existing local product lines. Her arrival will help us to broaden and deepen our ...

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Allied World Reports First Quarter 2017 Results

ZUG, Switzerland--(BUSINESS WIRE)-- Allied World Assurance Company Holdings, AG (NYSE: AWH) today reported net income of $80.3 million, or $0.90 per diluted share, for the first quarter of 2017 compared to net income of $74.1 million, or $0.81 per diluted share, for the first quarter of 2016. The company reported operating income of $47.9 million, or $0.53 per diluted share, for the first quarter of 2017, compared to operating income of $59.0 million, or $0.65 per diluted share, for the first quarter of 2016. ...

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