Allied World Assurance Company Holdings, AG (NYSE:AWH) announced today
that its shareholders have elected Patricia L. Guinn and Fiona E. Luck
to the company’s Board of Directors. Ms. Guinn and Ms. Luck were elected
at a special shareholder meeting to serve until the company's annual
shareholder meeting to be held in April 2016.
Scott Carmilani, Allied World’s President and Chief Executive
Officer, commented, “Tricia and Fiona are terrific additions to our
Board of Directors. Their extensive experience in the insurance and
reinsurance industry will be a tremendous asset to Allied World. I look
forward to working with both of them.”
Ms. Guinn retired from Towers Watson in June 2015 where she served as
Managing Director of its Risk and Financial Services segment and a
member of its Management Committee since 2010. Prior to this, she held a
variety of leadership roles at Towers Perrin, one of Towers Watson’s
predecessor companies, which she joined in 1976. For more than 30 years,
Ms. Guinn has consulted on risk management, mergers and acquisitions,
financial analysis and performance measurement for insurance companies.
Ms. Guinn previously served on the board of directors of Towers Perrin
from 2001 to 2005 and again from 2008 to 2010. Ms. Guinn is currently a
director of the International Insurance Society. She is a Fellow of the
Society of Actuaries, a member of the American Academy of Actuaries and
a Chartered Enterprise Risk Analyst.
Ms. Luck served as Executive Vice President and Chief of Staff at XL
Group plc (“XL”) from June 2006 until June 2009 and then Special Advisor
to the Chief Executive Officer until January 2010. From 1999 to 2006,
she served in various roles at XL, including as Executive Vice President
of Group Operations and Interim Chief Financial Officer. From 1997 to
1999, she served as Senior Vice President of Financial Lines and later
as Executive Vice President of Joint Ventures and Strategic Alliances at
ACE Bermuda Insurance Ltd. From 1983 to 1997, she served in various
roles at Marsh and McLennan, Inc., including as Managing Director and
Head of the Global Broking operations in Bermuda. She is currently a
member of the board of directors of the Bermuda Monetary Authority where
she serves on its Audit & Risk Management Committee, Human Capital
Committee and Non-Executive Directors Committee; and Gen Life Ltd and
Gen Two Ltd. She previously served on the board of directors of Caitlin
Group Ltd from August 2012 until its merger with XL in May 2015 where
she was Chair of the Compensation Committee and a member of the Audit,
Investment and Nomination Committees. She also served on the board of
directors of Kenbelle Capital LP from 2012 to 2015, Hardy Underwriting
Bermuda Ltd. from 2010 to 2012 and Primus Guaranty Ltd. from 2007 to
2009. Ms. Luck also serves on the board of trustees of the David
Shepherd Wildlife Foundation and the board of directors of Knowledge
Quest. She is a member of the Institute of Chartered Accountants of
Scotland.
About Allied World
Allied World Assurance Company Holdings, AG, through its subsidiaries
and brand known as Allied World, is a global provider of innovative
property, casualty and specialty insurance and reinsurance solutions.
Allied World offers 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 the following for further information on Allied World: Web: www.awac.com |
Facebook: www.facebook.com/alliedworld |
LinkedIn: http://www.linkedin.com/company/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 adequacy of our loss reserves;
negative rating agency actions; greater frequency or severity of
unpredictable catastrophic events; the impact of acts of terrorism and
acts of war; 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.
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