Allied World Assurance Company Holdings Ltd. (NYSE:AWH) 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."

Allied World Assurance Company Holdings, AG, through its subsidiaries, is a global provider of innovative property, casualty and specialty insurance and reinsurance solutions, offering superior client service through a global network of offices and branches.

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