PEMBROKE, Bermuda, Nov. 3 Allied World AssuranceCompany, Ltd, a member company of Allied World Assurance Company Holdings, Ltd(NYSE: AWH) today announced that Eugene Raitt, Senior Vice President, Accident& Health and Chief Marketing Officer, Asia, has been elected Chairman of theBoard for the Direct Marketing Association for 2010. Mr. Raitt served as BoardVice Chairman in 2009.
The Direct Marketing Association (DMA) is a global trade association, withover 3,100 corporate members, of businesses and nonprofit organizations usingand supporting multichannel direct marketing tools and techniques. The DMAadvocates standards for responsible marketing, promotes relevance as the keyto reaching consumers with desirable offers, and provides research, education,and networking opportunities to improve results throughout the end-to-enddirect marketing process.
At Allied World, Mr. Raitt works in Hong Kong, introducing accident andhealth insurance to the market. Direct marketing is his primary distributionstrategy, focusing on developing the sponsored market business. Prior tojoining Allied World, Mr. Raitt worked at AIG for 16 years launching theirdirect marketing businesses throughout Asia, beginning in Japan, then Korea,Taiwan, China, Thailand, Hong Kong and India.
About Allied World Assurance Company
Allied World Assurance Company, Ltd. has a branch office in Hong Kong,which is regulated by the Office of Commissioners of Insurance, Hong Kong.Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is aglobal provider of innovative property, casualty and specialty insurance andreinsurance solutions, offering superior client service through offices inBermuda, the United States, Europe and Hong Kong. Our insurance andreinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. Forfurther 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 ourcurrent views with respect to future events and financial performance and aremade pursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. Such statements involve risks anduncertainties, which may cause actual results to differ materially from thoseset forth in these statements. For example, our forward-looking statementscould be affected by the ability to recognize the benefits of the DarwinProfessional 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; negativerating agency actions; the adequacy of our loss reserves; the company or itssubsidiaries becoming subject to significant income taxes in the United Statesor elsewhere; changes in regulations or tax laws; changes in the availability,cost or quality of reinsurance or retrocessional coverage; adverse generaleconomic conditions including those related to the ongoing financial crisis;and judicial, legislative, political and other governmental developments, aswell as management's response to these factors, and other factors identifiedin our filings with the U.S. Securities and Exchange Commission. You arecautioned 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 noobligation (and expressly disclaim any such obligation) to update or reviseany forward-looking statement that may be made from time to time, whether as aresult of new information, future developments or otherwise.
SOURCE Allied World Assurance Company Holdings, Ltd