ISS Recommends Allied World Shareholders Vote in Favor of Merger with Transatlantic

ZUG, Switzerland--(BUSINESS WIRE)--Allied World Assurance Company Holdings, AG (NYSE: AWH) today announced that Institutional Shareholder Services (ISS), a leading independent proxy advisory service, has issued a report recommending that shareholders of Allied World vote in favor of all of the proposals associated with the merger with Transatlantic Holdings, Inc. (NYSE: TRH). In the report, ISS noted that the current exchange ratio is an attractive valuation for Allied World and “approval of the merger agreement between the company and Transatlantic warrants support.”