Allied World Announces Repurchase of Founding Shareholder's Warrant From AIG

Allied World Assurance Company Holdings, AG AWH today reported that its subsidiary Allied World Assurance Company Holdings, Ltd has repurchased a warrant owned by American International Group, Inc. ("AIG"), which entitled AIG to purchase a total of 2,000,000 Allied World common shares for $34.20 per share. AIG has no remaining warrants to purchase Allied World shares. The aggregate purchase price for the warrant was $53,620,000, and the transaction was funded using available cash on hand. This repurchase has been executed separately from the company's share repurchase program.