Allied World Sets Q3 Earnings Announcement; Conference Call

November 3, 2006

Bermuda-based Allied World Assurance Company Holdings, Ltd. will release its financial results for the third quarter ended September 30, 2006 on Wednesday, November 8, 2006, after the market closes.

Scott Carmilani, President and CEO, and Joan Dillard, CFO, will host a conference call on Thursday, November 9, 2006, at 10:00 am (Eastern) to discuss the third quarter financial results.

The conference call can be accessed by dialing (866) 761-0748 (U.S. and Canada callers) or (617) 614-2706 (international callers) and entering the passcode 79639647 approximately ten minutes prior to the call. A live webcast of the call will be available online at www.awac.com.

Following the conclusion of the presentation, a replay of the call will be available through Thursday, November 30, 2006 by dialing (888) 286-8010 (U.S. and Canada callers) or (617) 801-6888 (international callers) and entering the passcode 99687854. In addition, the webcast will remain available online through Thursday, November 30, 2006 at: www.awac.com.

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