Allied World's Anthony Kashuba Promoted to Senior Vice President; European General Casualty Manager

PEMBROKE, Bermuda, May 20 /PRNewswire/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Anthony Kashuba, Vice President and General Casualty Team Leader in Bermuda has been promoted to Senior Vice President and European General Casualty Manager. He will work from the London office, effective May 22, 2010, and will be responsible for the strategic oversight of Allied World's European General Casualty operations.

Frank D'Orazio, President, Bermuda and International Insurance, commented, "We are pleased to announce Anthony will manage our European General Casualty team. His knowledge and expertise are invaluable, and we look forward to his future success in the European marketplace."

Mr. Kashuba joined Allied World in 2008. He has 20 years of global insurance and reinsurance experience, and has served in various underwriting positions in the United States, Hong Kong, Germany and Bermuda.  His underwriting experience includes primary casualty insurance, including loss sensitive programs, facultative reinsurance and excess casualty insurance.  Mr. Kashuba holds a Bachelors of Arts Degree in History from Alfred University and has received his CPCU and ARe designations.

About Allied World Assurance Company

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, Europe, Hong Kong, Singapore and the United States. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at www.awac.com.

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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; investigations of market practices and related settlement terms; 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, Ltd