ZUG, Switzerland, Aug.15, 2012 /PRNewswire-Asia/ -- Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that Iain MacLeod has been appointed to Senior Vice President, Asia-Pacific. In this role, Mr. MacLeod will oversee distribution management and regional business development for all direct and facultative lines including Casualty, Environmental, Healthcare, Mergers and Acquisitions, Professional Liability and Trade Credit coverages. Mr. MacLeod will be based in Singapore and will report to William Cotter, Managing Director Asia-Pacific.
Mr. Cotter commented, "We are very excited that Iain has joined our growing international team, as we feel there is a tremendous amount of opportunity in both the Singapore and greater Asia-Pacific markets. Iain's extensive industry experience will be a great asset as we continue to offer innovative solutions to our brokers and clients to help them manage their evolving business risks."
Mr. MacLeod has over 20 years of experience in the insurance industry in the Bermuda, London and New York markets. Prior to joining Allied World, Mr. MacLeod was most recently with Bowring Marsh in Bermuda where he managed the Financial & Professional Liability group, including the Directors and Officers, Errors and Omissions and Employment Practices Liability product lines. He was a member of the Bowring Marsh Bermuda Management Committee and served on the US FINPRO Operating Committee and as Chairman of Professional Liability Underwriting Society (PLUS) Bermuda. Mr. MacLeod holds his associates degree in Risk Management from the Insurance Institute of America.
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.
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; 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.