Allied World Announces Lou Iglesias and Joe Cellura to Speak at Advisen Casualty Insights Conference

ZUG, Switzerland, April 25, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Lou Iglesias, President of the Property & Casualty Division of Allied World U.S., and Joe Cellura, Senior Vice President, Property & Casualty for Allied World U.S., will be speaking at the upcoming Advisen Casualty Insights Conference.  The event will be held on May 1, 2012 at the McGraw Hill Conference Center in New York City.  Mr. Iglesias is one of the keynote speakers and Mr. Cellura will speak as part of the panel, "The Casualty Reinsurance Market and its Impact on Direct Casualty Capacity and Pricing."

Mr. Iglesias recently joined Allied World. In his new role, he will be responsible for underwriting and servicing all Program, Property, Environmental, Inland Marine, General and Specialty Casualty businesses in the U.S. He has over 25 years of experience in the insurance industry. Prior to joining Allied World, Mr. Iglesias spent 18 years at American International Group (AIG) in varying management positions including: CEO for Commercial Casualty, President for the Risk Management Group, President for AIG Environmental and President of AIG Construction.  Prior to AIG, Mr. Iglesias worked at Travelers and Reliance insurance companies. He holds a degree in Business Management from the State University of New York at Fredonia and holds both CPCU and ARM designations.

Mr. Cellura has 19 years of varying experience in the insurance industry; primarily focused on casualty and environmental lines. He joined Allied World in 2008 and as Senior Vice President for Property and Casualty he is responsible for underwriting management, policy form construction and business development for both the casualty and environmental books of business.  Prior to joining Allied World Mr. Cellura worked at AIG, most recently as Senior Vice President for the American Home Excess Casualty Company.  Mr. Cellura holds a degree in Environmental, Policy Analysis, and Planning from the University of California.

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