Allied World Reinsurance Appoints Joseph Barrett Senior Vice President for Global Marine and Specialty

ZUG, Switzerland, April 5, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced that Joseph Barrett has been appointed Senior Vice President, Global Marine and Specialty, for Allied World Reinsurance Company.  Mr. Barrett will report directly to Kevin Marine, Executive Vice President, International & Global Specialty, and will oversee the Crop, Energy and Specialty Property Treaty lines of business. 

Mr. Marine commented, "I have known Joe for the past 17 years and I wanted him to be a part of our growing team at Allied World Re.  His proven track record, 14 years of crop experience and extensive contacts in the industry will be beneficial as we look to expand this book of business globally. I am confident that he will meet with much success here."

Mr. Barrett has almost 30 years of experience in the reinsurance industry.  He began his career in the International Property Facultative Department of CIGNA Reinsurance Company Ltd. (CIGNA Reinsurance) and has held various underwriting and management positions at CIGNA Reinsurance., St. Paul Reinsurance Co. Ltd. and Platinum Underwriters Reinsurance, Inc.  Mr. Barrett has a degree in Business Management from the University of Scranton.

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.

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SOURCE Allied World Assurance Company Holdings, AG