Allied World Announces ForceField(SM) Product Suite: A Total Management Liability Solution for Private Companies and Not-For-Profit Organizations

PEMBROKE, Bermuda, May 11 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) announced today the introduction of its new ForceField(SM) management liability product suite.  ForceField offers six distinct coverage components with the option to purchase separate standalone products or a complete insurance package.  ForceField's coverage elements include Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability, Employed Lawyers Coverage, Crime Coverage, and Kidnap & Ransom/Extortion Coverage. These package products are available for Private Companies and Not-for-Profit Organizations.  The packages give these organizations the flexibility to select the coverage elements that are essential for their particular needs with the option to choose separate or shared limits among these coverages.

"We expect ForceField to quickly become the cornerstone of our management liability product portfolio," said Gordon Knight, President, Allied World U.S.  Knight added, "This product suite enables us to greatly expand the insurance solutions that we can offer our brokers and their customers."

Christian Gravier, Senior Vice President of Allied World Private/Not-For-Profit/Public Company Micro Caps Management Liability Unit in the U.S. said, "ForceField will give our clients and brokers access to essential elements of coverage that enables us to customize solutions to suit a client's particular needs.  With this product we bring together our underwriting expertise, a broad appetite, and industry-leading risk management and claims services to provide management liability protection that is far stronger than the sum of its parts."

Worldwide coverage of up to $25 million in limits is available for each individual coverage section.  Actual coverage will be subject to the policy as issued.

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