Dawn Zacharow Joins Allied World Europe's Growing SME Division

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Allied World Assurance Company Holdings, Ltd

Jun 10, 2010, 10:00 ET

PEMBROKE, Bermuda, June 10 /PRNewswire/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Allied World Assurance Company (Europe) Limited has hired Dawn Zacharow to join its growing SME (small to medium sized enterprises) division. Ms. Zacharow will work out of the company's London office. She will be involved in the underwriting of the company's Professional Indemnity products, as well as the development of new products. Ms. Zacharow has over a decade of experience in the insurance industry. Prior to joining Allied World, she worked for Argo Managing Agency Limited

Kevin Cleary, Vice President, SME, Professional Lines in Europe commented, "Dawn has a tremendous amount of technical experience in construction-related Professional Indemnity products and I am confident she will be a great asset to the department. She has an excellent reputation in the market and a solid broker following and I look forward to utilising her knowledge to continue to grow this book of business."

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