Allied World's Bobby Bowden to Speak at the PLUS Southern California Chapter Conference

PEMBROKE, Bermuda, May 18 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that Bobby Bowden, Executive Vice President, is speaking at the Professional Liability Underwriting Society (PLUS) Southern California "State of the Market" meeting. The Society is a non-profit organization with membership open to persons interested in the promotion and development of the professional liability industry. The event takes place on May 20, 2010 at The Jonathan Club in Los Angeles, California.  Mr. Bowden will speak as part of an educational panel focusing on the current state of the professional liability marketplace, EPLI Trends, contingent commissions, broker consolidation and the regulatory climate.

Mr. Bowden oversees Marketing & Communications, Business Development, and the extended U.S. Branch Network. He joined Allied World in October 2008 and as EVP, he is responsible for sales, profit & loss for each region, building-out the Allied World brand and growing the book of business nationally. Prior to joining Allied World U.S., Mr. Bowden was Southwestern Regional President at AIG from February 2005 to October 2008 and was responsible for overseeing AIG's commercial insurance operations in that region.  Prior to this, Mr. Bowden held a similar position but was based in Atlanta and acted as the Southeastern Regional President for AIG Commercial Insurance from June 2002 to February 2005. He held various positions at AIG in the Mergers & Acquisitions Group and Management Liability Group and spent four years at Marsh as an insurance broker. Mr. Bowden has over 20 years of experience in the insurance industry.

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.

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; 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