Allied World U.S. Appoints Kevin Maloney, Vice President, Excess Casualty; Expands U.S. Casualty Operations

ZUG, Switzerland, July 17, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Allied World U.S. has appointed Kevin Maloney as Vice President, Excess Casualty. Mr. Maloney will oversee the management and build-out of Allied World's Real Estate & Financial Institutions practice, which will offer a host of casualty coverages tailored to Allied World's U.S. clients. Mr. Maloney will be based in the New York office and will report to Joe Cellura, Senior Vice President, U.S. Property and Casualty.

Mr. Cellura commented, "I have personally known Kevin for a long time and think he will be a great addition to the Excess Casualty team here at Allied World. Kevin will bring more specialization to the Real Estate and Financial Institutions practice, adding to an already robust platform, which includes our current Real Estate product suite and Strategic Response.  This new practice will offer additional enhancements to the current product suite as well as lead umbrella coverage and cover for premise, operations and general liability."

Mr. Maloney has over 20 years of experience in the insurance industry.  Prior to joining Allied World, Mr. Maloney was with the American International Group (AIG) and Chartis for 14 years where he was most recently Executive Vice President, Excess Casualty, overseeing the Real Estate & Financial Institutions Umbrella Division nationwide for Chartis.  Before AIG, Mr. Maloney held several management positions with Yasuda America Fire & Marine Insurance Company and with Aetna and Travelers Insurance companies. He has a degree in marketing from St. John's University.

For more information on the Real Estate and Financial Institutions practice, please contact Mr. Maloney direct at KevinA.Maloney@awac.com.

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