Allied World's Syndicate 2232 Joins Lloyd's Asia Platform

PEMBROKE, Bermuda, July 20 /PRNewswire-FirstCall/ -- In addition to the recent launch of Syndicate 2232, Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today that approval has been received from the Monetary Authority of Singapore (MAS) and Lloyd's Asia to register and operate a service company, Capita 2232 Services Pte. Ltd. As part of the Lloyd's Asia platform, the service company will underwrite exclusively on behalf of Syndicate 2232. Lloyd's Asia was established in Singapore in 1999 to give Lloyd's an underwriting base in Asia, and currently enables approximately 18 syndicates to write local and offshore business from Singapore.

Syndicate 2232, via the service company, will offer a broad range of treaty products from Singapore, including property, casualty and specialty lines, to clients in the Asia Pacific, Middle East and Africa regions.

Syndicate 2232 is managed by Capita Managing Agency Limited, a subsidiary of The Capita Group PLC, which is authorized by Lloyd's and the Financial Services Authority in the United Kingdom. Capita 2232 Services Pte. Ltd. is a wholly-owned subsidiary of Capita Managing Agency Limited.

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