UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | January 20, 2011 |
Allied World Assurance Company Holdings, AG
__________________________________________
(Exact name of registrant as specified in its charter)
| Switzerland | 001-32938 | 98-0681223 |
|
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| Lindenstrasse 8, Baar/Zug, | 6340 | |
|
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
| Registrant’s telephone number, including area code: | +41-41-768-1080 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
On January 20, 2012, Allied World Assurance Company Holdings, AG issued a press release announcing the catastrophe-related losses and loss expenses that it expects to record in the fourth quarter of 2011.
The press release is furnished herewith as Exhibit 99.1. The information hereunder is not deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is not otherwise subject to the liabilities of that section and is not incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | ||||
| Number | Description | |||
| 99.1 | Press release, dated January 20, 2012. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Allied World Assurance Company Holdings, AG | ||||
| January 20, 2011 | By: |
/s/ Wesley D. Dupont
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| Name: Wesley D. Dupont | ||||
| Title: Executive Vice President, General Counsel and Corporate Secretary | ||||
Exhibit Index
| Exhibit No. | Description | |
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99.1
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Press release, dated January 20, 2012. |
FOR IMMEDIATE RELEASE
Allied World Announces Fourth Quarter 2011 Catastrophe Loss Estimates
ZUG, Switzerland – January 20, 2012 – Allied World Assurance Company Holdings, AG (NYSE: AWH) announced today that it expects to record approximately $55 million to $65 million in catastrophe related losses and loss expenses in the fourth quarter of 2011. This includes an estimate of $40 million to $50 million from the flooding in Thailand which occurred in the fourth quarter 2011 and $15 million from increased estimates for global catastrophe events that occurred earlier in 2011.
Allied World’s loss estimates for these events are derived from preliminary information obtained from clients and brokers, a review of the terms of in-force policies and contracts, a review of outward reinsurance agreements and an analysis of our catastrophe modeling. Actual ultimate losses from these events may vary materially from the current estimates due to inherent uncertainties resulting from several factors, including the preliminary nature of loss data available, potential inaccuracies and inadequacies in the data that has been provided and the potential for catastrophe modeling inaccuracies.
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.
Source: Allied World Assurance Company Holdings, AG
Contact:
Media:
Faye Cook, VP, Marketing & Communications
1-441-278-5406
faye.cook@awac.com
or
Investors:
Keith J. Lennox, Investor Relations Officer
1-646-794-0750
keith.lennox@awac.com