NEW YORK, Nov. 4 /PRNewswire/ -- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) today announced the launch of "The Approach", a multi-line property and casualty insurance solution specifically designed for selected country clubs and golf courses. Aon Risk Services, Inc. will act as the exclusive distribution source on behalf of Allied World for The Approach product offerings initially in Florida, Georgia, South Carolina, North Carolina, Virginia, Kentucky, Tennessee, Mississippi, Alabama and Louisiana.

The Approach product suite includes primary offerings for Property, General Liability, Auto Liability, Liquor Liability, Employee Benefit Liability, Commercial Crime, Pollution, Directors & Officers Liability, Employment Practices Liability, Fiduciary Liability and Umbrella coverage. This exclusive insurance solution is aimed at member-owned country clubs and private and semi-private golf course operations in the states listed above.

President of Allied World U.S., Gordon Knight, commented, "We identified the unique insurance needs of country clubs and golf clubs, and developed what we believe to be the pre-eminent insurance product that will meet those needs. Together with Aon, we are excited to support the insurance needs of this industry and look forward to delivering superior products and services to the market."

For further information on how The Approach can protect your club, please contact exclusive agent Aon Risk Services, Inc. at rick_schmidt@ars.aon.com or 904-861-3510.

About Allied World Assurance Company

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through offices in Bermuda, the United States and Europe. Our insurance and reinsurance subsidiaries are rated A (Excellent) by A.M. Best Company. For further information on Allied World, please visit our website at http://www.awac.com.

About Aon

Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting. Through its 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was named the world's best broker by Euromoney magazine's 2008 Insurance Survey. In 2008, Aon ranked highest on the Business Insurance ranking of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues. Aon also was ranked by A.M. Best as the number one insurance broker based on brokerage revenues in 2007 and 2008, and was voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto www.aon.com.

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; investigations of market practices and related settlement terms; 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