Allied Prices $500 Million Senior Note Offering

October 28, 2015

Allied World Assurance Company Holdings, AG announced today that its subsidiary, Allied World Assurance Company Holdings, Ltd, has priced an SEC registered offering of $500 million aggregate principal amount of 4.35% senior notes due 2025.

The notes are fully and unconditionally guaranteed by Allied World Assurance Company Holdings, AG. The company expects to close the offering on or about October 29, 2015, subject to customary closing conditions.

Allied World Assurance Company Holdings, Ltd expects to use the net proceeds from the offering for the repayment, upon maturity, of its outstanding $500 million aggregate principal amount of 7.50% senior notes due August 1, 2016.

Barclays Capital Inc., Credit Suisse Securities [USA] LLC, Citigroup Global Markets Inc., and Wells Fargo Securities, LLC served as joint book-running managers. BMO Capital Markets Corp. and ING Financial Markets LLC served as co-managers.

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