PRESS RELEASE: Allied World's Bobby Bowden to Speak at the PLUS Southern
California Chapter Conference
Tue May 18 09:40:31 2010
EDT
PEMBROKE, Bermuda, May 18 /PRNewswire-FirstCall/ -- Allied World
Assurance
Company Holdings, Ltd (NYSE: AWH) announced today that Bobby Bowden,
Executive
Vice President, is speaking at the Professional Liability Underwriting
Society
(PLUS) Southern California "State of the Market" meeting. The Society is
a
non-profit organization with membership open to persons interested in
the
promotion and development of the professional liability industry. The
event
takes place on May 20, 2010 at The Jonathan Club in Los Angeles,
California.
Mr. Bowden will speak as part of an educational panel focusing on the
current
state of the professional liability marketplace, EPLI Trends, contingent
commissions, broker consolidation and the regulatory climate.
Mr. Bowden oversees Marketing & Communications, Business Development,
and the
extended U.S. Branch Network. He joined Allied World in October 2008 and
as
EVP, he is responsible for sales, profit & loss for each region,
building-out
the Allied World brand and growing the book of business nationally.
Prior to
joining Allied World U.S., Mr. Bowden was Southwestern Regional
President at
AIG from February 2005 to October 2008 and was responsible for
overseeing AIG's
commercial insurance operations in that region. Prior to this, Mr.
Bowden held
a similar position but was based in Atlanta and acted as the
Southeastern
Regional President for AIG Commercial Insurance from June 2002 to
February
2005. He held various positions at AIG in the Mergers & Acquisitions
Group and
Management Liability Group and spent four years at Marsh as an insurance
broker. Mr. Bowden has over 20 years of experience in the insurance
industry.
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, Europe, Hong Kong, Singapore and the United States. 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
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; 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.
SOURCE Allied World Assurance Company Holdings, Ltd
/CONTACT: Media, Faye Cook, VP, Marketing & Communications,
+1-441-278-5406, [email protected]; or Investors, Keith J. Lennox,
Investor
Relations Officer, +1-646-794-0750, [email protected], both of
Allied World
Assurance Company Holdings, Ltd
/Web site: http://www.awac.com
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(END) Dow Jones Newswires
05-18-10 0940ET
09:40 051810
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