Allied World Comments on Tohoku Earthquake

Allied World Assurance Company Holdings, a global provider of property, casualty and specialty insurance and reinsurance solutions, announced today that it expects approximately $75 million in losses and loss expenses from the March 11, 2011 Tohoku earthquake and tsunami in Japan. This amount is pre-tax and net of reinsurance recoverables.

Allied World’s loss estimate was 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 from catastrophe modeling analysis.

SOURCE Allied World Assurance Company Holdings, AG