Allied World Assurance Company Appoints Barbara T. Alexander to Board of Directors
August 12 2009 - 9:23AM
PR Newswire (US)
PEMBROKE, Bermuda, Aug. 12 /PRNewswire-FirstCall/ -- Allied World
Assurance Company Holdings, Ltd (NYSE:AWH) today announced the
appointment of Barbara T. Alexander to its Board of Directors. Ms.
Alexander has over 35 years of experience in the financial services
industry. Ms. Alexander has been an independent consultant since
January 2004. Prior to that, she was a Senior Advisor to UBS
Warburg LLC and predecessor firms from October 1999 to January
2004, and Managing Director of the North American Construction and
Furnishings Group in the Corporate Finance Department of UBS from
1992 to October 1999. From 1987 to 1992, Ms. Alexander was a
Managing Director in the Corporate Finance Department of Salomon
Brothers Inc. From 1972 to 1987, she held various positions at
Salomon Brothers, Smith Barney, Investors Diversified Services, and
Wachovia Bank and Trust Company. Ms. Alexander serves as a director
of QUALCOMM Incorporated, Centex Corporation and Federal Home Loan
Mortgage Corporation (Freddie Mac). Ms. Alexander was selected as
one of seven Outstanding Directors in Corporate America in 2003 by
Board Alert magazine and has been one of its five Director of the
Year honorees for 2008 by the Forum for Corporate Directors. Allied
World President and Chief Executive Officer Scott Carmilani
commented, "We are very excited and honored to have Barbara join
our Board of Directors. Her knowledge of the financial services
industry and her tremendous experience serving on public company
boards, for which she has been nationally recognized, will be an
asset to our company." In addition, Ms. Alexander is an Executive
Fellow at the Joint Center for Housing Studies at Harvard
University, is past Chairman of the Board of the Joint Center and
is a member of the Board's Executive Committee. She has also been
involved with HomeAid America, Habitat for Humanity International
and the Covenant House. Ms. Alexander holds B.S. and M.S. degrees
in theoretical mathematics from the University of Arkansas,
Fayetteville. 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 http://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. DATASOURCE: Allied World Assurance
Company Holdings, Ltd CONTACT: Media, Faye Cook, VP, Marketing
& Communications, +1-441-278-5406, , or Investors, Keith J.
Lennox, Investor Relations Officer, +1-646-794-0750, , both of
Allied World Web site: http://www.awac.com/
Copyright