Allied World Appoints Neil Lightbown to Chief Underwriting Officer, Global Markets Segment

ZUG, Switzerland--()--Allied World Assurance Company Holdings, AG (NYSE:AWH) today announced Neil Lightbown will be appointed as Chief Underwriting Officer of Allied World’s Global Markets segment, which will include Asia, Europe, and Latin America, following the company’s realignment of its two insurance business segments effective December 31, 2014. Mr. Lightbown joins Allied World from RSA Insurance Group plc (“RSA”) in London where he served most recently as Group Global Specialty Lines Director.

In his new role, Mr. Lightbown will oversee underwriting governance for all lines of business within the Global Markets segment and assist in developing strategic initiatives and product capabilities for the segment. He will be based in Allied World’s London office and will report to Julian James, who will serve as President, Global Markets, and to Michael Hoffmann, who will serve as worldwide Chief Underwriting Officer for Allied World’s insurance operations, both effective December 31, 2014.

Julian James commented, "Our growing international footprint combined with our recently announced RSA transaction reflect our commitment in key markets throughout Europe, Latin America and the Asia Pacific region as vital to our future success." Our focus has been – and remains – clear: to grow our product suite, invest in distribution relationships and recruit and retain the most knowledgeable and experienced underwriting talent in the market. We are delighted that Neil is joining our team to help us to take the business forward to the next stage of its development.”

Michael Hoffmann said, “We look forward to Neil joining Allied World. He has over 30 years’ experience in the international insurance markets and will add value to our already strong underwriting teams as well as to our growing regional leadership and worldwide risk team.”

Mr. Lightbown was formerly Group Global Specialty Lines Director of RSA since April 2013. He joined RSA in 2009 as UK Underwriting and Strategic Claims Director, having previously worked at Zurich Financial Services as Chief Underwriting Officer for International Businesses. He has over 30 years of experience in the industry.

About Allied World

Allied World Assurance Company Holdings, AG, through its subsidiaries and brand known as Allied World, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions. Allied World offers 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 AA- by Fitch.

Please visit the following for further information on Allied World: Web: www.awac.com | Facebook: www.facebook.com/alliedworld | LinkedIn: http://www.linkedin.com/company/Allied-World.

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 adequacy of our loss reserves; negative rating agency actions; greater frequency or severity of unpredictable catastrophic events; the impact of acts of terrorism and acts of war; 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.

Contacts

Allied World Assurance Company Holdings, AG
Media:
Noelle Campbell, +1-646-794-0544
Assistant Vice President & Director of Public Relations
noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations & Treasurer
sarah.doran@awac.com

Release Summary

Allied World Appoints Neil Lightbown CUO Global Markets

Contacts

Allied World Assurance Company Holdings, AG
Media:
Noelle Campbell, +1-646-794-0544
Assistant Vice President & Director of Public Relations
noelle.campbell@awacservices.com
or
Faye Cook, +1-441-278-5406
Senior Vice President, Marketing & Communications
faye.cook@awac.com
or
Investors:
Sarah Doran, +1-646-794-0590
Senior Vice President, Investor Relations & Treasurer
sarah.doran@awac.com