Allied World Europe Hires Andy Brooks to Lead International Property Division

PEMBROKE, Bermuda, Sept. 16 /PRNewswire/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Andy Brooks has joined the Allied World Europe team as Manager for the International Property division.  As International Property Manager, Mr. Brooks will oversee Allied World's non-North American property business on behalf of Allied World Europe and Lloyd's Syndicate 2232.

John Redmond, President for Allied World Europe, commented, "We are very excited to have Andy come on board.  His reputation and industry expertise will be invaluable as we look to grow the International Property book of business."

Prior to joining Allied World, Mr. Brooks was most recently Head of Insurance at Endurance UK, where he focused on managing the Property, Construction and Casualty Insurance portfolio, targeted at UK National accounts and mid-range businesses. He was also responsible for local reinsurance placement. Prior to Endurance, Mr. Brooks worked at St Paul International where he was London Underwriting Manager and Head of Outwards Reinsurance, as well as a member of the UK Executive team. Before St Paul, Mr. Brooks spent over 22 years at Royal & SunAlliance where he was Underwriting Manager in commercial and international business. Mr. Brooks is a Fellow of the Chartered Insurance Institute, a Chartered Insurer, and sits on a committee of the Insurance Institute of London. Additionally, he is approved with the FSA.

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 a global network of branches and affiliates. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company, and our Lloyd's Syndicate 2232 is rated A+ (Strong) by Standard & Poor's and Fitch. Please visit our website at www.awac.com for further information on Allied World.

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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; 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