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A.M. Best Comments on Allied World Assurance Company Holdings, AG and Transatlantic Holdings Inc.’s Merger

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that the ratings of the subsidiaries of Allied World Assurance Company Holdings, AG (Allied World) (Switzerland) (NYSE: AWH) as well as Transatlantic Holdings, Inc. (Transatlantic) (New York, NY) (NYSE: TRH) and its subsidiaries are unchanged following the announcement of a definitive agreement to merge. All of the rated operating companies of both organizations maintain financial strength ratings of A (Excellent) and issuer credit ratings of “a”, and all ratings have a stable outlook. (See press releases dated August 24, 2010 and December 21, 2010.)