ZUG, Switzerland, June 26, 2012 /PRNewswire/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Richard Nathan has joined Allied World Europe as Vice President, European Corporate Property Manager. In this position, Mr. Nathan will oversee the build-out of Allied World Europe's corporate property business in the United Kingdom and continental Europe. This new business line will target a broad range of companies and will provide tailored solutions to meet the needs of individual clients, utilizing engineering services to assist with risk management. Mr. Nathan will report directly to Andy Brooks, Vice President for International Property.
Mr. Brooks commented, "We are excited that Richard has joined Allied World Europe's growing team and we look forward to the official launch of our corporate property line of business. Allied World has underwritten property in the United Kingdom since 2002 and our new corporate property line will build on our existing European Property platform, providing exceptional risk management and claims handling services to clients along with the distinctive coverage they need to meet their ever evolving risks."
Mr. Nathan has over 20 years of experience in the insurance industry underwriting a diverse range of property risks and cross-class multi-national programs. His experience includes underwriting, management and business development at Mitsui Sumitomo and Chubb Insurance Company. He is a Chartered Insurer and an active member of the Insurance Institute of London.
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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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; 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.
