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Allied World and Transatlantic Holdings Identify Additional $80 Million of Merger Synergies

ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced significant new merger-related synergies that can be achieved through the combination with Transatlantic Holdings, Inc. (NYSE: TRH). Allied World now estimates an annual run rate of over $160 million in synergies, an $80 million increase over the $80 million of synergies originally announced. The new estimate excludes revenue synergies and any potential upside from the utilization of excess capital. Operating cost synergy estimates are unchanged.