Allied World U.S. Appoints Grace Meek Senior Vice President for Programs
ZUG, Switzerland, May 2, 2011 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Grace Meek has joined Allied World U.S. as Senior Vice President for Programs. In her new role, Ms. Meek will manage the Programs team and provide strategic direction for the department, focusing on growing the overall portfolio of program business. In her role she will be responsible for developing and maintaining program administrator relationships, achieving projected profitability and expense goals, in addition to creating a more defined and efficient platform for writing program business.
Todd Germano, President, Property and Casualty for Allied World U.S. said, "We are very excited that Grace has joined the team. Her extensive industry knowledge, particularly of the Programs business, will be a tremendous asset and we look forward to supporting her in growing this book of business."
Ms. Meek has over 20 years of varying experience in the insurance industry. Prior to joining Allied World, Ms. Meek was the Chief Business Officer for Delos Insurance Group where she focused exclusively on Programs business, developing a portfolio of programs which increased production over 200% in three years.
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 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.
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
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