Allied World U.S. Announces Enhanced Real Estate Suite(SM)

PEMBROKE, Bermuda, June 30 /PRNewswire-FirstCall/ -- Allied World Assurance Company (U.S.) Inc., a member company of Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today introduced its Real Estate Suite(SM), a package of coverage enhancements to its lead umbrella and excess casualty products that is specifically designed to meet the needs of the Hospitality and Real Estate industry.

"Consistent with our philosophy of creating unique solutions for our brokers and customers while leveraging the experience of our nationwide network of underwriters, our Real Estate Suite offers coverage enhancements that both address the needs of a dynamic market and differentiate Allied World as an innovative and responsive insurer," commented Gordon Knight, President of Allied World U.S.

Real Estate Suite offers five industry-specific coverage enhancements, two of which (Third Party Discrimination and Pollution) are provided regardless of whether the underlying insurance offers similar coverage. Three additional coverages include resultant bodily injury or property damage arising out of professional services, expanded Broad Form Named Insured wording, and a per location aggregate limit for each insured location (subject to underlying insurance).

This coverage is geared specifically for the following industries: Commercial Property Owners/Operators, Hospitality (Hotels, Resorts), Real Estate Investment Trusts (REITs), Asset Managers, Real Estate Advisors, and Residential Real Estate. Allied World can provide limits up to $25 million on an admitted or non-admitted basis.

Joseph Cellura, Senior Vice President, Specialty Casualty, commented, "Our underwriters recognize that there are certain exposures which are unique to the Hospitality and Real Estate industries. Real Estate Suite is our solution for this industry. What's more, Real Estate Suite policyholders can receive Allied World's newly introduced Strategic Response(SM) complimentary service, which makes it easier for them to maneuver through a catastrophic event."

    For more information, please contact:
    Allied World Brokerage:
    Kevin Behan, Senior Vice President, Brokerage & Casualty
    Kevin.Behan@awac.com
    646-794-0511

    Allied World Specialty:
    Joseph Cellura, Senior Vice President, Casualty Specialty
    Joseph.Cellura@awac.com
    646-794-0560

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, the United States and Europe and Hong Kong. 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 the ability to recognize the benefits of the Darwin Professional Underwriters, Inc. acquisition; 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 including those related to the ongoing financial crisis; 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.