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Allied World's Todd Sutherland to Participate on Panel at Midwest Chapter of PLUS

  • Press Release
  • Source: Allied World Assurance Company Holdings, Ltd
  • On 11:30 am EDT, Friday October 2, 2009

PEMBROKE, Bermuda, Oct. 2 /PRNewswire-FirstCall/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH - News) announced today that Todd Sutherland, Senior Vice President of Professional Lines and Branch Manager for Allied World's Chicago office, will participate in a panel discussion on "Bankruptcy and the Barriers to Coverage" at the Midwest Chapter of the Professional Liability Underwriting Society (PLUS). The panel will take place on October 7, 2009 in Cincinnati, Ohio.

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Mr. Sutherland will focus on underwriting bankruptcy risk, specifically the red flags and precursors to bankruptcy, pricing and premiums, run-off coverage, renewals, coverage for companies that emerge from bankruptcy and endorsements and exclusions. Other panel participants will include a bankruptcy attorney, a policyholder counsel and an insurance claims/coverage counsel.

PLUS was founded in 1986 by industry professionals as a forum for individuals in the field of professional liability. The Society is a non-profit organization with membership open to those interested in the advancement of the industry.

Mr. Sutherland has over 16 years of industry experience and joined Allied World in 2006. He focuses primarily on management and liability lines of business and is responsible for underwriting and managing Allied World's D&O Liability practice in the Midwest. Additionally, Mr. Sutherland oversees all of the company's Midwest operations as Chicago branch manager. Mr. Sutherland is a graduate of Miami University in Oxford, Ohio.

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, the United States, Europe and Hong Kong. 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 the ability to recognize the benefits of the Darwin Professional 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; 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 including those related to the ongoing financial crisis; 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.

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