Allied World Assurance Co Holdings, AG - FORM 8-K - EX-99.3

Attached files

file	filename
8-K - FORM 8-K - Allied World Assurance Co Holdings, AG	y84357e8vk.htm
EX-99.2 - EX-99.2 - Allied World Assurance Co Holdings, AG	y84357exv99w2.htm
EX-99.1 - EX-99.1 - Allied World Assurance Co Holdings, AG	y84357exv99w1.htm

Exhibit 99.3


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par			Book Value $			Fair Value $
000780ET9	AMAC CMO_03-5 2A3		4/25/2018		984,570			957,345			942,036
00083VAA9	ACASC_07-1 ABS 07-1-A1		4/20/2021		6,750,000			5,890,724			5,889,375
00206RAR3	AT&T INC CORP BND		2/15/2019		22,000,000			23,801,494			23,433,307
00209AAE6	AT&T WIRELESS SERVICES INC CORP BND		3/1/2011		13,012,000			13,319,563			13,798,037
00209AAG1	NEW CINGULAR WIRELESS SERVICES CORP BND		5/1/2012		13,425,000			14,423,315			15,145,663
00279VCA1	ABBEY NATIONAL TREASURY SERVIC CORP BND 144A		11/10/2014		3,750,000			3,749,199			3,728,595
002824AS9	ABBOTT LABORATORIES CORP BND		5/15/2011		1,200,000			1,209,664			1,261,767
00432CAZ4	AGSL_03-1 ABS 03-1-2003-1		12/26/2035		4,100,000			3,695,125			3,695,125
00432CBB6	AGSL_03-1 ABS_03-1-2003-1		12/26/2035		3,600,000			3,208,500			3,208,500
00432CBP5	AGSL_03-1 ABS_04-1-2004-1		12/27/2032		5,350,000			4,661,188			4,661,188
00448MAA9	ACHMEA HYPOTHEEKBANK N.V. - LT CORP BND 144A		11/3/2014		38,000,000			37,882,493			38,550,619
008684AA0	AHMA CMO 06-6 A1A		12/25/2046		11,818,537			4,838,389			6,074,989
013051DA2	ALBERTA PROVINCE OF LOCAL BND		12/1/2014		950,000			926,939			925,976
01F042640	FNMA TBA 30 YR		4/1/2036		22,000,000			22,055,430			22,048,125
01F060659	FNMA TBA 30 YR		5/1/2033		70,000,000			74,870,781			74,653,906
01F062655	FNMA TBA 30 YR		5/1/2033		36,000,000			37,379,844			38,880,000
01F062663	FNMA TBA 30 YR		6/1/2033		10,000,000			10,662,500			10,764,063
01N042641	GNMA TBA MBS		4/1/2039		(1,000,000	)		(1,008,594	)		(1,011,563	)
020039DB6	ALLTEL CORPORATION NT		7/1/2012		29,225,000			29,717,145			32,542,403
021087QU8	ALPINE UTAH SCH DIST MUNI BND GO		3/15/2011		4,775,000			4,804,649			4,936,873
02580EBS1	AMER EXPRESS BK CORP BND		4/26/2010		320,000			320,000			319,984
02580ECN1	AMERICAN EXPRESS BANK FSB CORP BND BKNT		4/16/2013		1,500,000			1,491,254			1,595,623
0258M0BX6	AMERICAN EXPRESS CREDIT CO CORP BND		12/2/2010		73,000			73,000			72,966
02660BAA0	AHMA_07-1 CMO 07-1 A1		2/25/2047		10,126,936			4,911,564			4,822,447
02660UAE0	AHMA_06-3 WHOLE CMO 06-3 2A11		10/25/2046		11,731,904			5,017,619			6,311,764
02666QF32	AMERICAN HONDA FINANCE CORP BND 144A		3/18/2013		2,150,000			2,149,151			2,155,800
02666QXM0	AMERICAN HONDA FINANCE CORP BND 144A		12/15/2010		1,250,000			1,240,631			1,282,173
02R060647	FHLMC TBA 30 YR		4/1/2033		5,000,000			5,349,805			5,367,188
034863AA8	ANGLO AMERICAN CAPITAL PLC CORP BND 144A		4/8/2014		6,980,000			7,863,206			8,365,627
035229CE1	ANHEUSER-BUSCH CORP BND		3/15/2012		1,600,000			1,584,869			1,767,047
038461AC3	AID-EGYPT GOVT BND		9/15/2015		25,000,000			26,247,617			26,574,217
04010HAB8	ARES CLO FUNDS ARES ABS 05-10A A2 144A		9/18/2017		9,862,007			8,945,387			9,109,467
04010HAC6	ARES_05-10A ABS 05-10A A3 144A		9/18/2017		24,580,000			22,313,680			22,704,374
04011XAB2	ARES ABS 06-5RA AS 144A		2/24/2018		21,390,634			19,252,514			19,791,834
04011XAC0	ARES ABS 06-5RA A3 144A		2/24/2018		22,849,087			20,491,884			21,141,277
04057PFH6	ARIZONA SCH FACS BRD CTFS PART MUNI BND REV		9/1/2019		1,775,000			1,695,180			1,871,844
040654MP7	ARIZONA ST TRANSN BRD MUNI BND REV		7/1/2020		500,000			481,362			546,960
040654NY7	ARIZONA ST TRANSN BRD MUNI BND REV		7/1/2021		1,500,000			1,423,188			1,619,985
040688GV9	ARIZONA WTR INFRASTRUCTURE FIN MUNI BND REV		10/1/2021		1,000,000			953,041			1,096,150
042423AA1	ARMST ABS 08-1A A 144A		8/1/2016		9,934,262			9,517,226			9,663,802
04271AAA9	ARRMF ABS 07-3A A1B 144A		9/16/2036		79,521			79,521			79,235
04271AAB7	ARRMF ABS 07-3A A2B 144A		9/16/2056		719,000			719,000			699,587
044074BZ4	ASHEVILLE N C MUNI BND REV		8/1/2019		2,000,000			1,946,884			2,163,520
05348EAM1	AVALONBAY COMMUNITIES INC SENIOR CORP BND		3/15/2017		1,500,000			1,510,834			1,581,135
053611AC3	AVERY DENNISON CORP CORP BND		1/15/2013		1,500,000			1,449,564			1,551,039
054303AS1	AVON PRODUCTS INC CORP BND		1/15/2011		1,700,000			1,686,337			1,759,500
05522RAR9	BACCT ABS_06-A16 A16		5/15/2013		12,000,000			11,936,756			12,338,144
05522RBS6	BACCT ABS 08-A1 A1		4/15/2013		1,701,000			1,701,000			1,702,191
055451AG3	BHP BILLITON FINANCE (USA) LTD CORP BND		4/1/2014		3,000,000			2,991,825			3,306,761
05565QBH0	BP CAPITAL MARKETS PLC CORP BND		3/10/2015		3,000,000			3,049,500			3,113,936
05565QBL1	BP CAPITAL MARKETS PLC CORP BND		5/8/2014		9,000,000			8,988,808			9,341,999
058508AN2	BALL ST UNIV IND MUNI BND REV		7/1/2018		1,900,000			1,877,709			2,053,805
059469AA4	BOAA CMO_06-7 A1		10/25/2036		208,864			207,735			208,248
05947UDP0	BAFU CMBS_01-3 A2		4/11/2037		396,047			396,370			410,940
05948X6X4	BANK OF AMERICA MTG SEC CMO 04-5 3A2		6/25/2019		7,401,328			7,440,622			7,509,388
05951KAX1	BAFC CMO_06-7-T2A1		10/25/2036		600,594			374,581			374,410
05954DAG1	BAFC CMO 07-E 4A1		7/20/2047		7,935,533			4,853,323			5,148,985
060505DA9	BANK OF AMERICA CORP CORP BND		3/15/2017		28,900,000			29,028,226			28,545,045
060505DK7	BANK OF AMERICA CORP CORP BND		9/11/2012		2,625,000			2,629,775			2,788,326
06050BAA9	BANK OF AMERICA CORP - GTD CORP BND GOVT GUAR		6/15/2012		8,200,000			8,197,617			8,525,212
06051GDY2	BANK OF AMERICA CORP BND		5/15/2014		5,500,000			6,102,841			6,185,061
06052FAC4	BAAT_09-2 ABS 09-2A A3 144A		9/15/2013		50,000,000			49,999,610			50,747,715
06423AAG8	BANK ONE CO CORP BND		8/1/2010		378,000			381,519			386,727
064255AB8	BANK OF TOKYO-MITSUBISHI UFJ L CORP BND 144A		1/22/2015		18,500,000			18,492,680			18,652,024


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
067316AA7	BACARDI LTD CORP BND 144A		4/1/2014		12,100,000		12,090,922		13,791,531
06738CAF6	BARCLAYS BANK PLC CAPSEC CORP BND 144A		6/29/2049		16,777,000		12,105,852		16,189,805
06739FFZ9	BARCLAYS BANK PLC LOCAL BND		7/10/2014		2,950,000		2,946,996		3,146,019
06846NAA2	BILL BARRETT CORP BND		3/15/2028		500,000		494,139		491,850
06849UAC9	BARRICK (PD) AUSTRALIA FINANCE CORP BND		1/15/2020		1,500,000		1,485,915		1,496,970
071365ZL7	BATTLE CREEK MICH MUNI BND GO		5/1/2011		2,025,000		2,058,157		2,098,568
071813AZ2	BAXTER INTERNATIONAL INC CORP BND		3/1/2014		5,400,000		5,387,790		5,646,641
07383FXJ2	BEAR STEARNS COMMERCIAL MORTGA CMBS 03-PWR2 A4		5/11/2039		4,000,000		4,137,378		4,188,797
07383FXN3	BSCMS SR CMBS 03-T12		8/13/2039		4,000,000		4,026,567		4,163,170
07384MWF5	BSARM WHOLE CMO 03-5		8/25/2033		187,661		180,191		162,815
073868AA9	BALTA_06-6 CMO 06-6 1A1		11/25/2036		19,819,198		7,565,470		8,734,598
073928X73	BEAR STEARNS CO INC CORP BND		8/10/2012		16,625,000		17,499,602		18,520,773
07401AAA5	BSMF CMO_06-AR2 1A1		9/25/2046		10,815,413		5,228,002		5,735,759
07401YAQ8	BEAR STEARNS MORTGAGE FUNDING CMO 07-AR4 2A1		6/25/2037		24,011,137		12,725,822		13,042,850
097014AK0	BOEING CAPITAL CORPORATION CORP BND		10/27/2014		250,000		249,494		251,997
097023AV7	BOEING CO CORP BND		3/15/2014		1,500,000		1,494,633		1,622,083
097023AY1	BOEING CO SENIOR CORP BND		2/15/2015		1,250,000		1,246,506		1,268,957
097023AZ8	BOEING CO SENIOR CORP BND		2/15/2020		3,500,000		3,468,799		3,565,661
10138MAH8	BOTTLING GROUP LLC CORP BND		3/15/2014		3,000,000		3,352,154		3,473,889
10138MAK1	BOTTLING GROUP LLC CORP BND		1/15/2019		3,000,000		2,989,886		3,131,266
108151UZ2	BRIDGEPORT CONN MUNI BND GO		7/15/2017		750,000		757,747		769,320
110709FD9	BRITISH COLUMBIA PROVINCE OF LOCAL BND		1/9/2012		900,000		952,999		948,808
12566XAK4	CMA_07-A7 CMO_07-A7-IIA1		7/25/2037		8,136,922		4,800,450		4,759,286
12572QAD7	CME GROUP INC CORP BND		2/15/2014		2,000,000		2,005,501		2,198,724
12612AAC6	CNH_09-C ABS 09-C A3		12/16/2013		1,400,000		1,399,978		1,409,119
12612BAC4	CNH_10-A ABS_10-A-A3		4/15/2015		1,900,000		1,899,723		1,899,715
126175AH1	COMM_03-LB1A SENIOR CMBS 03-LB1A 144A		6/10/2010		35,604,759		45,962		92,572
126380AB0	CSMC CMO_06-9 2A1		11/25/2036		2,325,514		1,868,692		1,906,921
126384AJ5	CSMC WHOLE CMO 07-2 2A1		3/25/2037		1,454,589		1,314,531		1,297,930
12638PBU2	CSMC CMO_07-3 4A5		4/25/2037		1,495,197		1,283,086		1,222,473
126650AV2	CVS CAREMARK CORP CORP BND		9/15/2014		12,160,000		11,980,689		13,019,649
126650BH2	CVS CAREMARK CORP CORP BND		6/1/2017		2,000,000		1,868,555		2,156,200
12667GNS8	COUNTRYWIDE ALTERNATIVE LOAN T CMO_05-24 1A1		7/20/2035		1,092,933		471,200		481,915
12668BPY3	CWALT CMO 06-4CB 2A4		4/25/2036		14,638,317		9,217,579		9,184,080
126694A32	COUNTRYWIDE HOME LOANS WHOLE CMO 06-OA1		3/20/2046		2,105,211		956,112		1,052,816
126694M96	COUNTRYWIDE HOME LOANS CMO 06-OA5 2A1		4/25/2046		7,878,883		3,391,063		3,964,957
12669E5B8	CWHL CMO_03-50 A1		11/25/2018		1,201,293		1,153,525		1,218,832
12669EYQ3	COUNTRYWIDE HOME LOANS TR WHOLE CMO 03-37		8/25/2033		160,371		149,529		127,527
126775RR8	CABARRUS CNTY N C MUNI BND GO		2/1/2018		500,000		499,357		574,100
13063A4V3	STATE OF CALIFORNIA MUNI BND GO		4/1/2031		2,000,000		2,073,903		2,071,000
13170FEC3	CALYON NORTH AMERICA INC CORP BND		6/11/2010		654,000		654,000		653,671
134429AM1	CAMPBELL SOUP COMPANY CORP BND		2/15/2011		1,550,000		1,571,719		1,633,123
135087YN8	CANADA GOVERNMENT GOVT BND		6/1/2013		4,000,000		4,064,621		4,077,759
135087YS7	CANADA GOVERNMENT GOVT BND		6/1/2014		2,715,000		2,624,113		2,707,936
135087YU2	CANADA GOVERNMENT GOVT BND		12/1/2014		21,860,000		20,058,644		20,797,641
135087YW8	CANADA GOVERNMENT GOVT BND		9/1/2011		29,740,000		27,570,045		29,172,060
135087YX6	CANADA GOVERNMENT GOVT BND		9/1/2012		35,720,000		33,348,527		35,187,831
135087ZA5	CANADA GOVERNMENT SENIOR CORP BND		9/10/2014		900,000		895,373		900,081
135087ZB3	CANADA GOVERNMENT GOVT BND		3/1/2012		4,000,000		3,909,216		3,925,961
1350Z7NC4	CANADIAN TREASURY BILL 144A		3/31/2060		8,320,000		7,716,685		8,184,455
13974CAE8	CARAT ABS_07-2 A4A		2/18/2014		12,000,000		11,764,748		12,474,720
14312XAC5	CARMX ABS_08-2 A3A		10/15/2012		4,000,000		3,995,918		4,176,800
14313CAC0	CARMX_10-1 ABS 10-1-A3		7/15/2014		1,500,000		1,499,784		1,500,015
144470AR2	CARRIER CREEK MICH DRAIN DIST MUNI BND GO		6/1/2022		1,000,000		921,625		1,072,070
14912L4F5	CATERPILLAR FINL SERV CORP BND		2/17/2014		3,300,000		3,299,702		3,705,447
15135UAA7	CENOVUS ENERGY INC CORP BND 144A		9/15/2014		1,350,000		1,348,813		1,402,904
15200NAA3	CNP ABS 09-1 A1		2/15/2016		2,500,000		2,499,910		2,472,500
161045CG2	CHARLOTTE NC WTR & SWR SYS MUNI BND REV		6/1/2019		500,000		507,382		509,565
161571AT1	CHAIT ABS 05-A8		10/15/2012		131,000		130,927		130,921
161571BW3	CHAIT ABS 07-A6 A6		4/16/2012		916,000		916,000		915,908
161571CH5	CHAIT ABS_07-A17 A		10/15/2014		10,000,000		9,999,468		10,827,100
16162WLM9	CHASE CMO 05-S2 A1		10/25/2035		15,828,766		13,228,872		14,624,197
161630AC2	CHASE WHOLE CMO_07-A1 1A3		2/25/2037		15,831,645		16,019,531		14,869,081
161630AG3	CHASE CMO_07-A1-2A1		2/25/2037		27,885,475		28,334,064		26,340,620


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
161630AN8	CHASE WHOLE CMO_07-A1 4A1		2/25/2037		4,366,959		4,409,291		4,052,101
161630AQ1	CHASE CMO_07-A1 5A1		2/25/2037		3,493,496		3,436,662		3,228,689
16208NAA3	CHAT ABS 05-2A A-1 144A		8/3/2019		29,707,265		26,851,027		27,377,740
162419AF2	CHATTANOOGA TENN INDL DEV BRD MUNI BND REV		10/1/2011		2,000,000		2,017,419		2,045,620
165573QR0	CHESTER CNTY PA MUNI BND GO		8/15/2022		1,000,000		953,545		1,084,360
166751AK3	CHEVRONTEXACO CORPORATION SENIOR CORP BND		3/3/2012		3,000,000		2,999,908		3,135,125
167723CG8	CHICAGO ILL TRAN AUTH CAP GRNT MUNI BND REV		6/1/2010		2,070,000		2,075,013		2,083,455
172967CX7	CITIGROUP INC CORP BND		5/18/2010		2,200,000		2,186,555		2,200,000
172967EY3	CITIGROUP INC SENIOR CORP BND		8/12/2014		31,875,000		33,624,315		34,007,511
1729733P2	CMSI CMO 05-7 3A1		10/25/2035		16,198,971		13,874,075		15,413,321
172973L64	CMSI CMO 04-9 2A1		12/25/2019		11,596,229		11,626,330		11,400,253
17305ECU7	CCCIT ABS_05-A7 A7		10/22/2012		500,000		504,539		510,690
17305EDJ1	CCCIT ABS 06-A6 A6		5/24/2012		327,000		326,915		326,902
17310MBQ2	CGCMT CMBS_06_C5 AMP2 144A		10/15/2049		498,318		216,674		198,435
17313YAJ0	CITIGROUP FUNDING INC - GTD SENIOR CORP BND		12/10/2012		5,000,000		5,001,405		5,079,700
17313YAL5	CITIGROUP FUNDING INC - GTD CORP BND		10/22/2012		55,000,000		55,069,492		55,400,952
17313YAN1	CITIGROUP FUNDING INC - GTD CORP BND		11/15/2012		59,300,000		59,213,903		59,721,622
181059BM7	CLARK CNTY NEV SCH DIST FOR IS MUNI BND GO		6/15/2017		1,500,000		1,495,788		1,628,370
184126UY4	CLAYTON CNTY & CLAYTON CNTY GA MUNI BND REV		5/1/2020		2,000,000		1,897,023		2,149,900
189054AC3	CLOROX COMPANY THE CORP BND		2/1/2011		1,000,000		997,913		1,041,730
189194CL5	CLOVERDALE IND MULTI-SCH BLDG MUNI BND REV		7/15/2019		1,365,000		1,324,027		1,438,546
191216AK6	COCA-COLA COMPANY THE CORP BND		11/15/2017		1,125,000		1,192,293		1,221,161
191216AL4	COCA-COLA COMPANY THE CORP BND		3/15/2014		18,825,000		18,756,434		19,602,509
191219BU7	COCA-COLA ENTERPRISES INC. CORP BND		3/1/2012		13,700,000		13,683,483		14,273,276
199491RW3	COLUMBUS OHIO MUNI BND GO		7/1/2012		500,000		518,881		550,990
20030NAE1	COMCAST CORPORATION CORP BND		1/15/2014		2,000,000		2,045,796		2,160,434
20030NAL5	COMCAST CORPORATION CORP BND		3/15/2016		7,500,000		7,914,078		8,189,793
20046PAB4	COMM CMBS_00-C1 A2		8/15/2033		87,562		87,225		87,478
20272BAF1	COMMONWEALTH BANK AUSTRALIA, G CORP BND 144A		6/25/2014		50,000,000		50,727,094		52,016,495
2027A0DJ5	COMMONWEALTH BANK OF AUSTRALIA CORP BND MTN 144A		10/15/2019		30,950,000		30,785,308		30,983,398
2027A0EM7	COMMONWEALTH BANK OF AUSTRALIA CORP BND 144A		3/19/2015		3,000,000		2,987,552		2,974,183
20774UWJ0	CONNECTICUT ST HEALTH & EDL FA MUNI BND REV		7/1/2010		1,125,000		1,130,370		1,136,441
207758AY9	CONNECTICUT ST SPL TAX OBLIG R MUNI BND REV		7/1/2019		650,000		621,101		704,041
20825CAR5	CONOCOPHILLIPS CORP BND		2/1/2019		1,250,000		1,333,862		1,362,261
20825CAS3	CONOCOPHILLIPS CORP BND		2/1/2014		29,000,000		28,935,783		31,138,004
20825CAT1	CONOCOPHILLIPS CORP BND		1/15/2015		5,000,000		4,996,588		5,374,732
209111DJ9	CONSOLIDATED EDISON CO OF NY CORP BND		9/1/2010		1,000,000		1,005,958		1,026,453
209111DZ3	CONSOLIDATED EDISON CO OF NY CORP BND		7/1/2012		550,000		538,097		597,111
210518CS3	CONSUMERS ENERGY COMPANY CORP BND		9/15/2019		1,000,000		999,600		1,132,028
2131838D1	COOK CNTY ILL MUNI BND GO		11/15/2019		1,000,000		957,075		1,086,400
22282EAA0	COVANTA HOLDING CORP CORP BND		2/1/2027		500,000		465,259		469,350
224044BF3	COX COMMUNICATIONS INC. CORP BND		6/1/2013		1,225,000		1,275,265		1,296,829
225317AB2	CREDIT AGRICOLE SA CORP BND 144A		5/28/2010		2,191,000		2,191,000		2,191,087
22540VGE6	CSFB SENIOR CMBS 01-CKN5-A4		9/15/2034		44,539,434		44,696,079		46,114,928
22541NQ77	CSFB_03-AR9 WHOLE CMO 03-AR9 2A2		3/25/2033		88,825		51,160		70,438
22541QDG4	CSFB_03-C3 CMBS_03-C3 A3		5/15/2038		167,569		164,153		167,670
22541QUJ9	CS FIRST BOSTON MORTGAGE SECUR CMO 03-A24-IA1		10/25/2033		168,312		85,402		140,911
22545BAA9	CSMC CMBS_06-C2 A1		3/15/2039		1,180,498		1,164,543		1,200,920
22546QAC1	CREDIT SUISSE FIRST BOSTON CORP BND		8/13/2019		3,000,000		3,000,662		3,081,071
2254C0TC1	CREDIT SUISSE NEW YORK NY CORP BND EMTN		5/15/2013		6,500,000		6,997,801		6,978,861
22882MAA6	CRGT ABS 03-2 A		9/18/2034		67,466		67,466		53,687
22942KCD0	CSMC CMO 06-7 10A2		8/25/2036		16,149,379		9,523,636		9,825,282
230822PL6	CUMBERLAND VALLEY PA SCH DIST MUNI BND GO		11/15/2020		1,300,000		1,238,168		1,378,754
231266DM6	CURATORS UNIV MO SYS FACS REV MUNI BND REV		11/1/2021		2,000,000		1,851,374		2,143,600
232434AE0	CWALT_06-OC8 CMO 06-0C8 2A3		11/25/2036		26,000,000		3,766,991		3,975,400
23245GAD3	CWALT_06-OC9 CMO 06-OC9-A3		12/25/2046		6,471,026		1,136,390		1,044,424
23245QAA7	CWALT WHOLE CMO 06-0A21 A1		3/20/2047		13,347,424		6,191,583		7,143,646
233889AE4	DCAT ABS_08-B A3A		9/10/2012		4,950,000		4,860,596		5,081,769
235308KE2	DALLAS TEX INDPT SCH DIST MUNI BND GO		8/15/2021		1,605,000		1,522,266		1,752,018
244199BC8	DEERE & COMPANY CORP BND		10/16/2019		15,400,000		15,319,319		15,328,044
244217BK0	JOHN DEERE CAPITAL CORPORATION SENIOR CORP BND		1/15/2013		4,000,000		3,910,765		4,342,539
24422EQV4	JOHN DEERE CAPITAL CORPORATION CORP BND		9/10/2018		9,000,000		9,872,126		9,759,367
24702RAH4	DELL INC CORP BND		6/15/2012		14,600,000		14,592,606		15,183,124
249164HG2	DENVER COLO CITY & CNTY MUNI BND GO		8/1/2021		2,000,000		1,902,963		2,208,020


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
2491817F9	DENVER COLO CITY & CNTY ARPT R MUNI BND REV		11/15/2010		3,000,000		2,997,457		3,077,880
249575AM3	DEPFA ACS BANK CORP BND 144A		6/28/2011		2,800,000		2,886,581		2,894,612
250119BY9	DES MOINES IOWA MET WASTEWATER MUNI BND REV		6/1/2019		1,045,000		1,008,821		1,100,866
251255C94	DETROIT MICH WTR SUPPLY SYS MUNI BND REV		7/1/2033		2,000,000		2,059,299		2,141,680
25151AAG6	DBALT CMO 06-AR3 A6		8/25/2036		32,000,000		4,904,547		4,038,400
2515A0Q30	DEUTSCHE BK LDN CORP BND		8/18/2014		9,500,000		9,627,140		9,736,004
25244SAF8	DIAGEO FINANCE BV CORP BND		1/15/2015		1,025,000		1,021,114		1,024,406
254760C66	DISTRICT OF COLUMBIA MUNI BND GO		6/1/2010		2,945,000		2,956,761		2,968,089
25746UBH1	DOMINION RESOURCES INC SENIOR CORP BND		8/15/2019		1,000,000		1,001,021		1,019,607
260003AD0	DOVER CORP CORP BND		2/15/2011		1,000,000		1,007,680		1,051,489
263534BM0	EI DUPONT DE NEMOURS & CO CORP BND		4/30/2010		1,700,000		1,699,296		1,704,161
263534BX6	EI DUPONT DE NEMOURS & CO CORP BND		3/15/2015		2,000,000		1,996,289		2,144,678
263534BZ1	EI DUPONT DE NEMOURS & CO CORP BND		1/15/2020		27,200,000		27,091,062		27,173,249
264399EQ5	DUKE ENERGY CORP CORP BND		2/1/2014		11,150,000		11,133,513		12,403,603
26441YAS6	DUKE REALTY LP CORP BND		2/15/2015		725,000		721,359		794,941
268317AA2	ELECTRICITE DE FRANCE CORP BND 144A		1/26/2014		19,900,000		19,837,744		21,786,390
278058DG4	EATON CORPORATION CORP BND		3/20/2014		4,000,000		3,998,898		4,381,769
282317HC3	EGG HARBOR TWP N J SCH DIST MUNI BND GO		7/15/2019		1,320,000		1,347,884		1,538,856
291011AT1	EMERSON ELECTRIC CO CORP BND		5/1/2013		1,000,000		974,813		1,070,344
29268BAA9	ENEL FINANCE INTERNATIONAL SA CORP BND 144A		1/15/2013		15,000,000		15,013,859		16,166,813
29268BAE1	ENEL FINANCE INTERNATIONAL SA CORP BND 144A		10/7/2019		28,000,000		27,881,421		27,626,147
29365KAA1	ETI ABS 09 A1		2/1/2016		1,400,000		1,399,899		1,397,200
293791AN9	ENTERPRISE PROD OPER LP SENIOR CORP BND		10/15/2014		22,000,000		21,544,274		23,720,833
294223LN0	EPHRATA PA AREA SCH DIST MUNI BND GO		3/1/2019		500,000		480,540		521,220
294429AH8	EQUIFAX INC CORP BND		12/1/2014		2,000,000		2,010,389		2,028,378
30250GAA6	SSGN_10-S1 AGENCY CMO 10-S1-1A 144A		2/25/2048		9,611,375		9,620,375		9,638,383
30251BAA6	FMR CORP. CORP BND 144A		11/15/2021		2,100,000		2,096,927		2,057,989
302570AV8	FPL GROUP CAPITAL INC CORP BND		9/1/2011		1,000,000		986,027		1,055,767
302570BD7	FPL GROUP CAPITAL INC CORP BND		3/1/2019		3,375,000		3,373,662		3,631,509
30769PAA0	FARMER MAC AGENCY BND 144A		7/15/2011		15,900,000		15,882,855		16,776,008
31283K2C1	FHLMC GOLD POOL # G11671		11/1/2014		6,923,386		6,820,498		7,277,461
31283K4C9	FHLMC GOLD POOL # G11719		6/1/2020		12,381,802		12,229,057		13,212,434
31283K6U7	FHLMC GOLD POOL # G11783		8/1/2015		2,842,653		2,800,182		2,980,484
31283KJU3	FHLMC GOLD POOL # G11175		12/1/2014		903,932		911,938		984,317
31283KN87	FHLMC GOLD POOL # G11315		9/1/2017		4,336		4,577		4,634
31283KS90	FHLMC GOLD POOL # G11444		8/1/2018		21,784		23,001		23,277
31283KSY5	FHLMC GOLD POOL # G11435		6/1/2018		10,853		11,459		11,599
31283KT40	FHLMC GOLD POOL # G11471		11/1/2013		2,634,203		2,579,062		2,735,808
31283KTA6	FHLMC GOLD POOL # G11445		9/1/2018		30,343		32,041		32,423
3128E27C4	FHLMC GOLD POOL # D96291		9/1/2023		1,693,205		1,619,426		1,759,410
3128GNW87	FHLMC GOLD POOL # E86071		11/1/2016		3,161		3,335		3,364
3128GNY77	FHLMC GOLD POOL # E86134		11/1/2016		21,530		22,713		22,914
3128GP3U5	FHLMC GOLD POOL # E87111		1/1/2017		6,289		6,635		6,694
3128GP3V3	FHLMC GOLD POOL # E87112		1/1/2017		24,856		26,225		26,455
3128GP4U4	FHLMC GOLD POOL # E87135		1/1/2017		4,720		4,980		5,023
3128GP7M9	FHLMC GOLD POOL # E87200		1/1/2017		5,626		5,936		6,013
3128GPSA2	FHLMC GOLD POOL # E86813		12/1/2016		5,309		5,600		5,650
3128GPVH3	FHLMC GOLD POOL # E86916		12/1/2016		1,667		1,759		1,774
3128GQ3Q2	FHLMC GOLD POOL # E88007		2/1/2017		9,356		9,872		9,999
3128GQ6E6	FHLMC GOLD POOL # E88069		2/1/2017		6,883		7,262		7,356
3128GQGA3	FHLMC GOLD POOL # E87393		1/1/2017		16,430		17,335		17,559
3128GQJT9	FHLMC GOLD POOL # E87474		1/1/2017		10,597		11,181		11,278
3128GQK26	FHLMC GOLD POOL # E87513		1/1/2017		13,438		14,177		14,302
3128GQK34	FHLMC GOLD POOL # E87514		1/1/2017		3,863		4,076		4,112
3128GQKB6	FHLMC GOLD POOL # E87490		1/1/2017		5,967		6,295		6,351
3128GQP54	FHLMC GOLD POOL # E87644		1/1/2017		9,188		9,694		9,819
3128GQQQ7	FHLMC GOLD POOL # E87663		2/1/2017		8,564		9,036		9,115
3128GQQZ7	FHLMC GOLD POOL # E87672		2/1/2017		29,730		31,368		31,642
3128GQSG7	FHLMC GOLD POOL # E87719		2/1/2017		4,961		5,234		5,302
3128GQU58	FHLMC GOLD POOL # E87804		2/1/2017		10,206		10,768		10,862
3128GQU90	FHLMC GOLD POOL # E87808		2/1/2017		3,215		3,392		3,436
3128GQVB4	FHLMC GOLD POOL # E87810		2/1/2017		6,203		6,545		6,602
3128GQW31	FHLMC GOLD POOL # E87866		2/1/2017		14,639		15,446		15,602
3128GQW49	FHLMC GOLD POOL # E87867		2/1/2017		23,985		25,307		25,633


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128GR3Y3	FHLMC GOLD POOL # E88915		2/1/2017		21,228		22,400		22,593
3128GR6N4	FHLMC GOLD POOL # E88977		4/1/2017		28,913		30,509		30,899
3128GRBH1	FHLMC GOLD POOL # E88140		2/1/2017		10,845		11,443		11,591
3128GRBJ7	FHLMC GOLD POOL # E88141		2/1/2017		3,108		3,279		3,321
3128GRFT1	FHLMC GOLD POOL # E88278		3/1/2017		19,557		20,635		20,814
3128GRJD2	FHLMC GOLD POOL # E88360		3/1/2017		6,850		7,228		7,291
3128GRK81	FHLMC GOLD POOL # E88419		3/1/2017		7,574		7,991		8,095
3128GRLA5	FHLMC GOLD POOL # E88421		3/1/2017		31,412		33,145		33,570
3128GRM71	FHLMC GOLD POOL # E88482		3/1/2017		6,398		6,750		6,837
3128GRP94	FHLMC GOLD POOL # E88548		3/1/2017		3,865		4,078		4,114
3128GRQA0	FHLMC GOLD POOL # E88549		3/1/2017		8,305		8,763		8,875
3128GRSP5	FHLMC GOLD POOL # E88626		3/1/2017		7,796		8,225		8,297
3128GRSY6	FHLMC GOLD POOL # E88635		3/1/2017		14,246		15,031		15,225
3128GRUF4	FHLMC GOLD POOL # E88682		3/1/2017		1,425		1,504		1,523
3128GRUT4	FHLMC GOLD POOL # E88694		3/1/2017		8,793		9,275		9,358
3128GRWQ8	FHLMC GOLD POOL # E88755		2/1/2017		584		616		616
3128GRYD5	FHLMC GOLD POOL # E88808		4/1/2017		4,132		4,359		4,415
3128GS5Y9	FHLMC GOLD POOL # E89863		4/1/2017		6,666		7,034		7,124
3128GSDJ3	FHLMC GOLD POOL # E89105		4/1/2017		13,340		14,076		14,256
3128GSGB7	FHLMC GOLD POOL # E89194		4/1/2017		18,348		19,360		19,609
3128GSGU5	FHLMC GOLD POOL # E89211		4/1/2017		33,944		35,817		36,276
3128GSKE6	FHLMC GOLD POOL # E89293		4/1/2017		38,668		40,800		41,325
3128GSKV8	FHLMC GOLD POOL # E89308		4/1/2017		14,583		15,387		15,585
3128GSLX3	FHLMC GOLD POOL # E89342		4/1/2017		9,235		9,744		9,869
3128GSLY1	FHLMC GOLD POOL # E89343		4/1/2017		17,549		18,516		18,754
3128GSNL7	FHLMC GOLD POOL # E89395		4/1/2017		9,019		9,517		9,638
3128GSQN0	FHLMC GOLD POOL # E89461		4/1/2017		9,579		10,105		10,195
3128GSSN8	FHLMC GOLD POOL # E89525		4/1/2017		30,010		31,666		32,071
3128GV2N9	FHLMC GOLD POOL # E91681		10/1/2017		38,075		40,185		40,691
3128GV3C2	FHLMC GOLD POOL # E91695		10/1/2017		20,147		21,264		21,531
3128GV3D0	FHLMC GOLD POOL # E91696		10/1/2017		32,017		33,792		34,217
3128GV3Z1	FHLMC GOLD POOL # E91716		10/1/2017		38,976		41,140		41,653
3128GV7G9	FHLMC GOLD POOL # E91795		10/1/2017		8,528		9,001		9,114
3128GVBY5	FHLMC GOLD POOL # E90955		8/1/2017		3,026		3,194		3,225
3128GVH94	FHLMC GOLD POOL # E91156		9/1/2017		4,027		4,250		4,304
3128GVJA9	FHLMC GOLD POOL # E91157		9/1/2017		16,556		17,474		17,694
3128GVJB7	FHLMC GOLD POOL # E91158		9/1/2017		9,620		10,153		10,281
3128GVJQ4	FHLMC GOLD POOL # E91171		9/1/2017		25,470		26,881		27,220
3128GVLF5	FHLMC GOLD POOL # E91226		9/1/2017		11,724		12,372		12,477
3128GVLH1	FHLMC GOLD POOL # E91228		9/1/2017		17,485		18,455		18,687
3128GVLJ7	FHLMC GOLD POOL # E91229		9/1/2017		23,848		25,169		25,487
3128GVMM9	FHLMC GOLD POOL # E91264		8/1/2017		7,769		8,200		8,303
3128GVNL0	FHLMC GOLD POOL # E91295		9/1/2017		10,297		10,867		11,004
3128GVNM8	FHLMC GOLD POOL # E91296		9/1/2017		13,821		14,588		14,771
3128GVNN6	FHLMC POOL # E91297		9/1/2010		20,695		21,238		22,558
3128GVNV8	FHLMC GOLD POOL # E91304		9/1/2017		8,744		9,227		9,344
3128GVNX4	FHLMC GOLD POOL # E91306		9/1/2017		99,640		105,164		106,485
3128GVPM6	FHLMC GOLD POOL # E91328		9/1/2017		8,939		9,435		9,553
3128GVPN4	FHLMC GOLD POOL # E91329		9/1/2017		6,529		6,891		6,978
3128GVPP9	FHLMC GOLD POOL # E91330		9/1/2017		39,185		41,360		41,877
3128GVQH6	FHLMC GOLD POOL # E91356		9/1/2017		34,243		36,144		36,596
3128GVRA0	FHLMC GOLD POOL # E91381		9/1/2017		9,760		10,301		10,430
3128GVRC6	FHLMC GOLD POOL # E91383		9/1/2017		15,409		16,263		16,467
3128GVRE2	FHLMC GOLD POOL # E91385		9/1/2017		10,640		11,230		11,371
3128GVRS1	FHLMC GOLD POOL # E91397		9/1/2017		6,226		6,571		6,654
3128GVRT9	FHLMC GOLD POOL # E91398		9/1/2017		17,314		18,274		18,504
3128GVRY8	FHLMC GOLD POOL # E91403		9/1/2017		82,493		87,068		88,160
3128GVT83	FHLMC GOLD POOL # E91475		9/1/2017		37,274		39,341		39,835
3128GVTN0	FHLMC GOLD POOL # E91457		9/1/2017		8,031		8,476		8,583
3128GVTW0	FHLMC GOLD POOL # E91465		9/1/2017		27,030		28,531		28,887
3128GVUD0	FHLMC GOLD POOL # E91480		9/1/2017		3,951		4,170		4,222
3128GVUE8	FHLMC GOLD POOL # E91481		9/1/2017		23,717		25,034		25,346
3128GVUX6	FHLMC GOLD POOL # E91498		10/1/2017		7,197		7,596		7,692
3128GVVE7	FHLMC GOLD POOL # E91513		10/1/2017		52,445		55,352		56,048


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128GVVF4	FHLMC GOLD POOL # E91514		10/1/2017		23,449		24,750		25,060
3128GVVJ6	FHLMC GOLD POOL # E91517		10/1/2017		36,306		38,318		38,800
3128GVVY3	FHLMC GOLD POOL # E91531		10/1/2017		24,862		26,243		26,497
3128GVW22	FHLMC GOLD POOL # E91565		9/1/2017		7,984		8,428		8,533
3128GVW89	FHLMC GOLD POOL # E91571		10/1/2017		13,062		13,786		13,959
3128GVZV5	FHLMC GOLD POOL # E91656		10/1/2017		31,977		33,753		34,174
3128GW5Q7	FHLMC GOLD POOL # E92655		11/1/2017		15,636		16,504		16,711
3128GW6G8	FHLMC GOLD POOL # E92671		11/1/2017		9,476		10,002		10,127
3128GWAQ1	FHLMC GOLD POOL # E91815		10/1/2017		7,409		7,820		7,886
3128GWAT5	FHLMC GOLD POOL # E91818		10/1/2017		41,271		43,561		43,985
3128GWAU2	FHLMC GOLD POOL # E91819		10/1/2017		39,038		41,202		41,720
3128GWB49	FHLMC GOLD POOL # E91859		10/1/2017		4,383		4,626		4,684
3128GWB80	FHLMC GOLD POOL # E91863		10/1/2017		25,886		27,322		27,664
3128GWBH0	FHLMC GOLD POOL # E91840		10/1/2017		35,828		37,816		38,290
3128GWC89	FHLMC GOLD POOL # E91895		10/1/2017		12,335		13,020		13,182
3128GWCL0	FHLMC GOLD POOL # E91875		10/1/2017		22,429		23,674		23,970
3128GWCW6	FHLMC GOLD POOL # E91885		10/1/2017		6,513		6,874		6,960
3128GWDP0	FHLMC GOLD POOL # E91910		10/1/2017		16,825		17,758		17,981
3128GWEG9	FHLMC GOLD POOL # E91935		10/1/2017		48,845		51,556		52,200
3128GWEK0	FHLMC GOLD POOL # E91938		10/1/2017		12,964		13,682		13,855
3128GWEP9	FHLMC GOLD POOL # E91942		10/1/2017		8,306		8,767		8,876
3128GWF86	FHLMC GOLD POOL # E91991		10/1/2017		18,217		19,227		19,468
3128GWFN3	FHLMC GOLD POOL # E91973		10/1/2017		13,512		14,261		14,441
3128GWHH4	FHLMC GOLD POOL # E92032		10/1/2017		15,706		16,577		16,785
3128GWJG4	FHLMC GOLD POOL # E92063		11/1/2017		38,872		41,033		41,428
3128GWK31	FHLMC GOLD POOL # E92114		10/1/2017		22,745		24,006		24,307
3128GWK56	FHLMC GOLD POOL # E92116		11/1/2017		22,998		24,274		24,578
3128GWMS4	FHLMC GOLD POOL # E92169		11/1/2017		12,835		13,547		13,717
3128GWP85	FHLMC GOLD POOL # E92247		11/1/2017		12,883		13,598		13,768
3128GWQ27	FHLMC GOLD POOL # E92273		11/1/2017		24,235		25,580		25,900
3128GWQ92	FHLMC GOLD POOL # E92280		11/1/2017		19,803		20,902		21,164
3128GWQN1	FHLMC GOLD POOL # E92261		11/1/2017		19,939		21,045		21,309
3128GWQY7	FHLMC GOLD POOL # E92271		11/1/2017		10,705		11,299		11,441
3128GWR42	FHLMC GOLD POOL # E92307		11/1/2017		24,496		25,856		26,179
3128GWRF7	FHLMC GOLD POOL # E92286		11/1/2017		17,468		18,438		18,617
3128GWV21	FHLMC GOLD POOL # E92433		11/1/2017		38,189		40,310		40,812
3128GWVL9	FHLMC GOLD POOL # E92419		11/1/2017		6,561		6,925		7,012
3128GWWM6	FHLMC GOLD POOL # E92452		11/1/2017		4,749		5,013		5,061
3128GWXD5	FHLMC GOLD POOL # E92476		11/1/2017		15,241		16,087		16,288
3128GWXW3	FHLMC GOLD POOL # E92493		11/1/2017		29,323		30,952		31,251
3128GWYS1	FHLMC GOLD POOL # E92521		11/1/2017		7,339		7,746		7,844
3128GWZQ4	FHLMC GOLD POOL # E92551		11/1/2017		17,974		18,971		19,209
3128GX3H7	FHLMC GOLD POOL # E93500		12/1/2017		29,460		31,097		31,397
3128GX3X2	FHLMC GOLD POOL # E93514		12/1/2017		8,074		8,522		8,628
3128GX5V4	FHLMC POOL # E93560		12/1/2017		35,489		37,463		37,823
3128GX7A8	FHLMC GOLD POOL # E93589		1/1/2018		20,648		21,795		22,066
3128GXAX4	FHLMC GOLD POOL # E92722		11/1/2017		40,860		43,129		43,667
3128GXBC9	FHLMC GOLD POOL # E92735		11/1/2017		9,173		9,682		9,803
3128GXD29	FHLMC GOLD POOL # E92821		12/1/2017		9,850		10,398		10,527
3128GXEA0	FHLMC GOLD POOL # E92829		12/1/2017		20,811		21,969		22,180
3128GXEK8	FHLMC GOLD POOL # E92838		12/1/2017		10,510		11,094		11,201
3128GXEV4	FHLMC GOLD POOL # E92848		12/1/2017		3,866		4,081		4,132
3128GXFT8	FHLMC GOLD POOL # E92878		12/1/2017		21,560		22,757		23,041
3128GXGG5	FHLMC GOLD POOL # E92899		12/1/2017		5,890		6,217		6,295
3128GXHA7	FHLMC GOLD POOL # E92925		12/1/2017		30,790		32,501		32,906
3128GXHQ2	FHLMC GOLD POOL # E92939		12/1/2017		38,627		40,773		41,280
3128GXM52	FHLMC GOLD POOL # E93080		12/1/2017		24,840		26,218		26,546
3128GXM60	FHLMC POOL # E93081		12/1/2017		16,422		17,334		17,502
3128GXMW3	FHLMC GOLD POOL # E93073		1/1/2018		4,836		5,105		5,169
3128GXN36	FHLMC GOLD POOL # E93110		12/1/2017		39,220		41,401		41,915
3128GXND4	FHLMC GOLD POOL # E93088		12/1/2017		19,467		20,549		20,805
3128GXQ74	FHLMC GOLD POOL # E93178		12/1/2017		19,729		20,826		21,084
3128GXQ82	FHLMC GOLD POOL # E93179		12/1/2017		14,320		15,115		15,303
3128GXQ90	FHLMC GOLD POOL # E93180		12/1/2017		31,294		33,034		33,444


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128GXRA6	FHLMC GOLD POOL # E93181		12/1/2017		19,174		20,241		20,492
3128GXRT5	FHLMC GOLD POOL # E93198		12/1/2017		9,541		10,071		10,196
3128GXSA5	FHLMC GOLD POOL # E93213		12/1/2017		18,666		19,702		19,948
3128GXST4	FHLMC GOLD POOL # E93230		1/1/2018		13,887		14,660		14,800
3128GXU53	FHLMC GOLD POOL # E93304		12/1/2017		7,365		7,774		7,871
3128GXWM4	FHLMC GOLD POOL # E93352		1/1/2018		9,837		10,383		10,513
3128GXZW9	FHLMC GOLD POOL # E93457		1/1/2018		3,780		3,991		4,040
3128GY2E3	FHLMC GOLD POOL # E94373		2/1/2018		20,542		21,687		21,941
3128GY2H6	FHLMC GOLD POOL # E94376		2/1/2018		21,716		22,924		23,195
3128GY3K8	FHLMC GOLD POOL # E94402		2/1/2018		8,532		9,007		9,113
3128GY3P7	FHLMC GOLD POOL # E94406		2/1/2018		18,824		19,872		20,114
3128GY3Q5	FHLMC GOLD POOL # E94407		2/1/2018		9,503		10,033		10,150
3128GY3V4	FHLMC GOLD POOL # E94412		2/1/2018		15,291		16,143		16,342
3128GY3X0	FHLMC GOLD POOL # E94414		2/1/2018		12,827		13,541		13,708
3128GY4C5	FHLMC GOLD POOL # E94419		2/1/2018		10,661		11,254		11,393
3128GY5H3	FHLMC GOLD POOL # E94448		2/1/2018		13,157		13,889		14,053
3128GY7B4	FHLMC GOLD POOL # E94490		2/1/2018		11,298		11,927		12,067
3128GY7J7	FHLMC GOLD POOL # E94497		2/1/2018		346,672		365,961		370,280
3128GYA53	FHLMC GOLD POOL # E93628		1/1/2018		28,740		30,336		30,715
3128GYB29	FHLMC GOLD POOL # E93657		1/1/2018		12,333		13,019		13,180
3128GYBW3	FHLMC GOLD POOL # E93653		1/1/2018		25,959		27,402		27,743
3128GYCK8	FHLMC GOLD POOL # E93674		1/1/2018		23,768		25,089		25,401
3128GYE91	FHLMC GOLD POOL # E93760		1/1/2018		23,132		24,419		24,722
3128GYEL4	FHLMC GOLD POOL # E93739		1/1/2018		9,491		10,019		10,138
3128GYEN0	FHLMC GOLD POOL # E93741		1/1/2018		5,523		5,830		5,899
3128GYET7	FHLMC GOLD POOL # E93746		1/1/2018		6,787		7,165		7,249
3128GYEU4	FHLMC GOLD POOL # E93747		1/1/2018		12,260		12,942		13,095
3128GYF66	FHLMC GOLD POOL # E93789		1/1/2018		5,013		5,292		5,355
3128GYF90	FHLMC GOLD POOL # E93792		1/1/2018		14,915		15,744		15,940
3128GYFH2	FHLMC GOLD POOL # E93768		1/1/2018		4,455		4,703		4,759
3128GYFK5	FHLMC GOLD POOL # E93770		1/1/2018		823		869		879
3128GYFN9	FHLMC GOLD POOL # E93773		1/1/2018		13,167		13,900		14,063
3128GYFS8	FHLMC GOLD POOL # E93777		1/1/2018		4,373		4,616		4,671
3128GYG73	FHLMC GOLD POOL # E93822		1/1/2018		30,621		32,322		32,706
3128GYGA6	FHLMC GOLD POOL # E93793		1/1/2018		4,719		4,981		5,043
3128GYGG3	FHLMC GOLD POOL # E93799		1/1/2018		7,241		7,644		7,735
3128GYGV0	FHLMC GOLD POOL # E93812		1/1/2018		9,192		9,704		9,818
3128GYHS6	FHLMC GOLD POOL # E93841		1/1/2018		14,770		15,591		15,785
3128GYHT4	FHLMC GOLD POOL # E93842		1/1/2018		26,255		27,715		28,059
3128GYKK9	FHLMC GOLD POOL # E93898		1/1/2018		3,215		3,394		3,434
3128GYKM5	FHLMC GOLD POOL # E93900		1/1/2018		8,353		8,818		8,922
3128GYLA0	FHLMC GOLD POOL # E93921		1/1/2018		30,596		32,298		32,698
3128GYLX0	FHLMC GOLD POOL # E93942		1/1/2018		3,744		3,952		3,999
3128GYLZ5	FHLMC GOLD POOL # E93944		2/1/2018		12,997		13,721		13,882
3128GYNT7	FHLMC GOLD POOL # E94002		2/1/2018		2,513		2,652		2,684
3128GYPS7	FHLMC GOLD POOL # E94033		2/1/2018		8,421		8,890		8,999
3128GYQC1	FHLMC GOLD POOL # E94051		2/1/2018		22,626		23,886		24,167
3128GYQH0	FHLMC GOLD POOL # E94056		2/1/2018		33,190		35,037		35,450
3128GYQR8	FHLMC GOLD POOL # E94064		1/1/2018		3,451		3,643		3,688
3128GYQV9	FHLMC GOLD POOL # E94068		1/1/2018		25,175		26,576		26,904
3128GYQW7	FHLMC GOLD POOL # E94069		1/1/2018		23,854		25,182		25,493
3128GYRS5	FHLMC GOLD POOL # E94097		2/1/2018		9,788		10,332		10,454
3128GYRU0	FHLMC GOLD POOL # E94099		2/1/2018		10,356		10,933		11,061
3128GYS39	FHLMC GOLD POOL # E94138		1/1/2018		35,274		37,235		37,676
3128GYS88	FHLMC GOLD POOL # E94143		2/1/2018		2,379		2,511		2,541
3128GYSH8	FHLMC GOLD POOL # E94120		1/1/2018		7,684		8,112		8,208
3128GYSJ4	FHLMC GOLD POOL # E94121		1/1/2018		9,955		10,509		10,639
3128GYSS4	FHLMC GOLD POOL # E94129		2/1/2018		5,040		5,320		5,383
3128GYSY1	FHLMC GOLD POOL # E94135		1/1/2018		25,164		26,562		26,878
3128GYT46	FHLMC GOLD POOL # E94171		2/1/2018		136,832		137,271		147,987
3128GYTW4	FHLMC GOLD POOL # E94165		2/1/2018		3,283		3,466		3,506
3128GYTY0	FHLMC GOLD POOL # E94167		2/1/2018		4,369		4,613		4,670
3128GYU44	FHLMC GOLD POOL # E94203		2/1/2018		20,271		21,398		21,652
3128GYU51	FHLMC GOLD POOL # E94204		2/1/2018		18,354		19,375		19,604


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128GYUA0	FHLMC GOLD POOL # E94177		1/1/2018		9,024		9,526		9,644
3128GYUR3	FHLMC GOLD POOL # E94192		2/1/2018		2,523		2,663		2,695
3128GYV35	FHLMC GOLD POOL # E94234		2/1/2018		37,659		39,753		40,247
3128GYVB7	FHLMC GOLD POOL # E94210		2/1/2018		72,432		72,688		78,092
3128GYVC5	FHLMC GOLD POOL # E94211		2/1/2018		61,017		61,217		65,991
3128GYVZ4	FHLMC GOLD POOL # E94232		2/1/2018		26,718		28,202		28,436
3128GYW42	FHLMC GOLD POOL # E94267		2/1/2018		7,815		8,250		8,348
3128GYXN9	FHLMC GOLD POOL # E94285		2/1/2018		137,647		138,097		148,868
3128GYYA6	FHLMC GOLD POOL # E94305		2/1/2018		4,373		4,616		4,670
3128GYYV0	FHLMC GOLD POOL # E94324		2/1/2018		4,781		5,047		5,106
3128GYZ64	FHLMC GOLD POOL # E94365		2/1/2018		13,522		14,275		14,443
3128GYZE7	FHLMC GOLD POOL # E94341		2/1/2018		13,614		14,371		14,541
3128H22V4	FHLMC GOLD POOL # E95288		4/1/2018		11,159		11,781		11,919
3128H23F8	FHLMC GOLD POOL # E95298		3/1/2018		34,710		36,643		37,073
3128H24B6	FHLMC GOLD POOL # E95318		4/1/2018		3,654		3,858		3,903
3128H24C4	FHLMC GOLD POOL # E95319		4/1/2018		9,506		10,036		10,158
3128H24E0	FHLMC GOLD POOL # E95321		3/1/2018		31,862		33,637		34,032
3128H24F7	FHLMC GOLD POOL # E95322		3/1/2018		13,912		14,687		14,868
3128H24M2	FHLMC GOLD POOL # E95328		3/1/2018		20,020		21,135		21,384
3128H25H2	FHLMC GOLD POOL # E95348		4/1/2018		8,584		9,062		9,169
3128H25K5	FHLMC GOLD POOL # E95350		4/1/2018		2,694		2,844		2,877
3128H26F5	FHLMC GOLD POOL # E95370		3/1/2018		4,113		4,342		4,393
3128H26M0	FHLMC GOLD POOL # E95376		3/1/2018		1,343,367		1,348,149		1,448,349
3128H26W8	FHLMC GOLD POOL # E95385		2/1/2018		535,317		537,218		577,152
3128H26Z1	FHLMC GOLD POOL # E95388		3/1/2018		53,750		56,747		57,411
3128H27K3	FHLMC GOLD POOL # E95398		4/1/2018		9,925		10,478		10,607
3128H27M9	FHLMC GOLD POOL # E95400		4/1/2018		25,342		26,755		27,082
3128H2B44	FHLMC GOLD POOL # E94559		2/1/2018		1,810		1,910		1,933
3128H2B69	FHLMC GOLD POOL # E94561		2/1/2018		31,723		33,486		33,883
3128H2B77	FHLMC GOLD POOL # E94562		2/1/2018		28,944		30,555		30,915
3128H2B85	FHLMC GOLD POOL # E94563		2/1/2018		25,041		26,433		26,761
3128H2C84	FHLMC GOLD POOL # E94595		2/1/2018		5,018		5,297		5,359
3128H2E41	FHLMC GOLD POOL # E94655		3/1/2018		31,737		33,504		33,898
3128H2ED1	FHLMC GOLD POOL # E94632		2/1/2018		68,514		72,326		73,221
3128H2EG4	FHLMC GOLD POOL # E94635		2/1/2018		38,696		40,852		41,355
3128H2EU3	FHLMC GOLD POOL # E94647		3/1/2018		7,182		7,582		7,671
3128H2GB3	FHLMC GOLD POOL # E94694		2/1/2018		29,000		29,093		31,364
3128H2H30	FHLMC GOLD POOL # E94750		3/1/2018		42,316		44,673		45,198
3128H2JA2	FHLMC GOLD POOL # E94757		3/1/2018		6,651		7,022		7,104
3128H2JR5	FHLMC GOLD POOL # E94772		2/1/2018		24,522		25,888		26,207
3128H2JT1	FHLMC GOLD POOL # E94774		2/1/2018		4,522		4,774		4,832
3128H2K28	FHLMC GOLD POOL # E94813		2/1/2018		10,548		11,136		11,273
3128H2KB8	FHLMC GOLD POOL # E94790		2/1/2018		26,909		28,407		28,758
3128H2KH5	FHLMC GOLD POOL # E94796		3/1/2018		24,506		25,871		26,175
3128H2KP7	FHLMC GOLD POOL # E94802		3/1/2018		8,700		9,185		9,293
3128H2KZ5	FHLMC GOLD POOL # E94812		2/1/2018		16,591		17,515		17,731
3128H2L27	FHLMC GOLD POOL # E94845		3/1/2018		26,200		27,662		28,000
3128H2LC5	FHLMC GOLD POOL # E94823		3/1/2018		34,754		36,691		37,136
3128H2LV3	FHLMC GOLD POOL # E94840		2/1/2018		33,818		35,698		36,141
3128H2LY7	FHLMC GOLD POOL # E94843		3/1/2018		13,734		14,498		14,677
3128H2LZ4	FHLMC GOLD POOL # E94844		3/1/2018		35,126		37,084		37,539
3128H2M26	FHLMC GOLD POOL # E94877		3/1/2018		21,413		22,606		22,884
3128H2MB6	FHLMC GOLD POOL # E94854		3/1/2018		32,156		33,948		34,365
3128H2NY5	FHLMC GOLD POOL # E94907		3/1/2018		27,188		28,704		29,040
3128H2PE7	FHLMC GOLD POOL # E94921		3/1/2018		35,634		37,619		38,082
3128H2PG2	FHLMC GOLD POOL # E94923		3/1/2018		577,116		579,003		624,163
3128H2PP2	FHLMC GOLD POOL # E94930		3/1/2018		28,010		29,570		29,917
3128H2QR7	FHLMC GOLD POOL # E94964		3/1/2018		23,707		25,029		25,322
3128H2QV8	FHLMC GOLD POOL # E94968		3/1/2018		36,525		38,555		39,035
3128H2R21	FHLMC GOLD POOL # E95005		4/1/2018		38,518		40,664		41,164
3128H2RJ4	FHLMC GOLD POOL # E94989		3/1/2018		85,117		89,860		90,914
3128H2RP0	FHLMC GOLD POOL # E94994		3/1/2018		30,433		32,130		32,505
3128H2SJ3	FHLMC GOLD POOL # E95021		3/1/2018		25,195		26,598		26,911
3128H2SX2	FHLMC GOLD POOL # E95034		3/1/2018		9,611		10,147		10,265


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128H2SY0	FHLMC GOLD POOL # E95035		3/1/2018		7,789		8,223		8,324
3128H2SZ7	FHLMC GOLD POOL # E95036		3/1/2018		16,258		17,164		17,375
3128H2T86	FHLMC GOLD POOL # E95075		3/1/2018		4,893		5,165		5,226
3128H2TF0	FHLMC GOLD POOL # E95050		3/1/2018		33,701		35,577		35,996
3128H2TH6	FHLMC GOLD POOL # E95052		3/1/2018		8,387		8,855		8,958
3128H2TJ2	FHLMC GOLD POOL # E95053		3/1/2018		13,164		13,896		14,060
3128H2TW3	FHLMC GOLD POOL # E95065		3/1/2018		29,625		31,276		31,660
3128H2TX1	FHLMC GOLD POOL # E95066		3/1/2018		11,428		12,065		12,213
3128H2UB7	FHLMC GOLD POOL # E95078		3/1/2018		19,711		20,809		21,053
3128H2UK7	FHLMC GOLD POOL # E95086		3/1/2018		46,455		46,604		50,242
3128H2VT7	FHLMC GOLD POOL # E95126		3/1/2018		4,231		4,467		4,522
3128H2VW0	FHLMC GOLD POOL # E95129		3/1/2018		43,748		46,184		46,753
3128H2WE9	FHLMC GOLD POOL # E95145		3/1/2018		11,620		12,267		12,412
3128H2WF6	FHLMC GOLD POOL # E95146		3/1/2018		15,373		16,229		16,420
3128H2WM1	FHLMC GOLD POOL # E95152		3/1/2018		13,914		14,690		14,862
3128H2WS8	FHLMC GOLD POOL # E95157		3/1/2018		21,938		23,160		23,432
3128H2WU3	FHLMC GOLD POOL # E95159		3/1/2018		143,052		143,522		154,713
3128H2X32	FHLMC GOLD POOL # E95198		3/1/2018		7,781		8,215		8,311
3128H2XA6	FHLMC GOLD POOL # E95173		3/1/2018		6,044		6,380		6,459
3128H2YM9	FHLMC GOLD POOL # E95216		3/1/2018		11,826		12,485		12,639
3128H2YN7	FHLMC GOLD POOL # E95217		3/1/2018		13,590		14,347		14,516
3128H2YS6	FHLMC GOLD POOL # E95221		3/1/2018		14,463		15,268		15,456
3128H2YW7	FHLMC GOLD POOL # E95225		3/1/2018		8,052		8,501		8,600
3128H2Z30	FHLMC GOLD POOL # E95262		3/1/2018		20,442		21,580		21,834
3128H2ZJ5	FHLMC GOLD POOL # E95245		3/1/2018		10,154		10,720		10,846
3128H2ZT3	FHLMC GOLD POOL # E95254		4/1/2018		16,860		17,799		18,009
3128H2ZU0	FHLMC GOLD POOL # E95255		4/1/2018		22,170		23,405		23,680
3128H32S9	FHLMC GOLD POOL # E96185		5/1/2018		7,719		8,150		8,245
3128H32V2	FHLMC GOLD POOL # E96188		4/1/2018		8,369		8,835		8,944
3128H32W0	FHLMC GOLD POOL # E96189		4/1/2018		19,744		20,843		21,101
3128H33X7	FHLMC GOLD POOL # E96214		5/1/2018		38,405		40,547		41,043
3128H33Z2	FHLMC GOLD POOL # E96216		5/1/2018		9,990		10,547		10,671
3128H3AG6	FHLMC GOLD POOL # E95407		4/1/2018		37,387		39,471		39,956
3128H3AH4	FHLMC GOLD POOL # E95408		4/1/2018		41,431		43,739		44,277
3128H3AY7	FHLMC GOLD POOL # E95423		4/1/2018		32,925		34,756		35,187
3128H3BD2	FHLMC GOLD POOL # E95436		4/1/2018		38,952		41,126		41,605
3128H3BE0	FHLMC GOLD POOL # E95437		4/1/2018		41,661		43,985		44,498
3128H3C25	FHLMC GOLD POOL # E95489		4/1/2018		4,181		4,414		4,466
3128H3CD1	FHLMC GOLD POOL # E95468		4/1/2018		4,744		5,009		5,067
3128H3CN9	FHLMC GOLD POOL # E95477		4/1/2018		11,841		12,501		12,647
3128H3DJ7	FHLMC GOLD POOL # E95505		4/1/2018		24,766		26,148		26,453
3128H3DX6	FHLMC GOLD POOL # E95518		4/1/2018		10,031		10,590		10,714
3128H3EQ0	FHLMC GOLD POOL # E95543		4/1/2018		8,502		8,976		9,086
3128H3EY3	FHLMC GOLD POOL # E95551		4/1/2018		8,107		8,558		8,664
3128H3F48	FHLMC GOLD POOL # E95587		4/1/2018		28,725		30,328		30,682
3128H3F63	FHLMC GOLD POOL # E95589		4/1/2018		21,299		22,483		22,762
3128H3F71	FHLMC GOLD POOL # E95590		4/1/2018		16,440		17,356		17,560
3128H3FG1	FHLMC GOLD POOL # E95567		4/1/2018		21,327		22,515		22,779
3128H3FP1	FHLMC GOLD POOL # E95574		4/1/2018		16,191		17,094		17,293
3128H3GB1	FHLMC GOLD POOL # E95594		4/1/2018		360,514		361,707		389,903
3128H3GE5	FHLMC GOLD POOL # E95597		4/1/2018		14,092		14,876		15,060
3128H3GH8	FHLMC GOLD POOL # E95600		4/1/2018		7,175		7,575		7,668
3128H3GR6	FHLMC GOLD POOL # E95608		4/1/2018		11,416		12,050		12,194
3128H3GY1	FHLMC GOLD POOL # E95615		4/1/2018		11,390		12,024		12,172
3128H3H20	FHLMC GOLD POOL # E95649		4/1/2018		18,981		20,039		20,274
3128H3H87	FHLMC GOLD POOL # E95655		4/1/2018		14,871		15,702		15,884
3128H3HZ7	FHLMC GOLD POOL # E95648		4/1/2018		17,274		18,237		18,450
3128H3JS1	FHLMC GOLD POOL # E95673		4/1/2018		23,068		24,354		24,639
3128H3JT9	FHLMC GOLD POOL # E95674		4/1/2018		32,830		34,659		35,085
3128H3K59	FHLMC GOLD POOL # E95716		5/1/2018		13,611		14,370		14,546
3128H3KA8	FHLMC GOLD POOL # E95689		4/1/2018		17,317		18,281		18,497
3128H3KF7	FHLMC POOL # E95694		4/1/2018		12,462		13,157		13,316
3128H3KL4	FHLMC GOLD POOL # E95699		4/1/2018		33,393		35,255		35,682
3128H3KN0	FHLMC GOLD POOL # E95701		4/1/2018		4,679		4,940		4,998


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128H3L90	FHLMC GOLD POOL # E95752		5/1/2018		32,419		34,229		34,627
3128H3LP4	FHLMC GOLD POOL # E95734		3/1/2018		28,113		29,680		30,040
3128H3LR0	FHLMC GOLD POOL # E95736		3/1/2018		10,647		11,240		11,372
3128H3LS8	FHLMC GOLD POOL # E95737		3/1/2018		28,990		30,607		30,982
3128H3MG3	FHLMC GOLD POOL # E95759		4/1/2018		15,584		16,454		16,652
3128H3ML2	FHLMC GOLD POOL # E95763		4/1/2018		6,855		7,237		7,322
3128H3MN8	FHLMC GOLD POOL # E95765		4/1/2018		37,358		39,439		39,925
3128H3N56	FHLMC GOLD POOL # E95812		4/1/2018		9,164		9,675		9,792
3128H3N72	FHLMC GOLD POOL # E95814		4/1/2018		11,801		12,458		12,612
3128H3NC1	FHLMC GOLD POOL # E95787		4/1/2018		16,543		17,466		17,670
3128H3NR8	FHLMC GOLD POOL # E95800		4/1/2018		14,443		15,249		15,427
3128H3NW7	FHLMC GOLD POOL # E95805		4/1/2018		6,011		6,346		6,421
3128H3PT2	FHLMC GOLD POOL # E95834		5/1/2018		6,293		6,644		6,724
3128H3Q87	FHLMC GOLD POOL # E95879		4/1/2018		30,894		32,613		32,997
3128H3QJ3	FHLMC GOLD POOL # E95857		4/1/2018		11,339		11,972		12,111
3128H3QL8	FHLMC GOLD POOL # E95859		4/1/2018		146,847		147,344		158,818
3128H3QM6	FHLMC GOLD POOL # E95860		4/1/2018		9,736		10,279		10,400
3128H3R29	FHLMC GOLD POOL # E95905		4/1/2018		8,771		9,260		9,373
3128H3RY9	FHLMC GOLD POOL # E95903		5/1/2018		40,199		42,439		42,936
3128H3S36	FHLMC GOLD POOL # E95938		4/1/2018		12,363		13,052		13,212
3128H3SB8	FHLMC GOLD POOL # E95914		5/1/2018		24,203		25,555		25,862
3128H3SZ5	FHLMC GOLD POOL # E95936		5/1/2018		21,958		23,183		23,467
3128H3UA7	FHLMC GOLD POOL # E95977		5/1/2018		2,731		2,883		2,916
3128H3V65	FHLMC GOLD POOL # E96037		5/1/2018		7,752		8,184		8,284
3128H3WF4	FHLMC GOLD POOL # E96046		4/1/2018		16,405		17,319		17,532
3128H3XU0	FHLMC GOLD POOL # E96091		5/1/2018		14,233		15,024		15,211
3128H3XW6	FHLMC GOLD POOL # E96093		5/1/2018		17,816		18,808		19,040
3128H3YG0	FHLMC GOLD POOL # E96111		4/1/2018		5,274		5,568		5,634
3128H3YJ4	FHLMC GOLD POOL # E96113		5/1/2018		14,230		15,024		15,199
3128H45V7	FHLMC GOLD POOL # E97160		6/1/2018		24,397		25,758		26,058
3128H4AZ2	FHLMC GOLD POOL # E96324		5/1/2018		10,880		11,486		11,625
3128H4BS7	FHLMC GOLD POOL # E96349		5/1/2018		36,416		38,444		38,895
3128H4CF4	FHLMC GOLD POOL # E96370		5/1/2018		7,821		8,258		8,357
3128H4CH0	FHLMC GOLD POOL # E96372		5/1/2018		29,663		31,320		31,696
3128H4DB2	FHLMC GOLD POOL # E96398		5/1/2018		61,611		61,817		66,634
3128H4ES4	FHLMC GOLD POOL # E96445		6/1/2018		13,213		13,950		14,112
3128H4HQ5	FHLMC GOLD POOL # E96539		5/1/2018		60,673		64,055		64,841
3128H4HS1	FHLMC GOLD POOL # E96541		5/1/2018		69,572		73,455		74,352
3128H4J59	FHLMC GOLD POOL # E96584		6/1/2018		15,167		16,013		16,200
3128H4JG5	FHLMC GOLD POOL # E96563		5/1/2018		17,102		18,055		18,267
3128H4JT7	FHLMC GOLD POOL # E96574		6/1/2018		34,342		36,258		36,681
3128H4KQ1	FHLMC GOLD POOL # E96603		6/1/2018		24,332		25,690		25,989
3128H4ST7	FHLMC GOLD POOL # E96830		6/1/2018		38,478		40,628		41,099
3128H5JX5	FHLMC GOLD POOL # E97478		7/1/2018		26,908		28,410		28,741
3128H5RP3	FHLMC GOLD POOL # E97694		7/1/2018		15,872		16,758		16,953
3128H5TK2	FHLMC GOLD POOL # E97754		7/1/2018		41,678		44,004		44,517
3128H5VJ2	FHLMC GOLD POOL # E97817		7/1/2018		37,511		37,634		40,569
3128H62N3	FHLMC GOLD POOL # E98881		9/1/2018		30,765		32,486		32,860
3128H6BG8	FHLMC GOLD POOL # E98139		7/1/2018		33,231		35,087		35,494
3128H6CZ5	FHLMC GOLD POOL # E98188		7/1/2018		33,758		35,644		36,057
3128H6FR0	FHLMC GOLD POOL # E98276		8/1/2018		22,420		23,671		23,947
3128H6FU3	FHLMC GOLD POOL # E98279		8/1/2018		17,508		18,485		18,700
3128H6SY1	FHLMC GOLD POOL # E98635		8/1/2018		1,655,644		1,661,092		1,790,613
3128H6WU4	FHLMC GOLD POOL # E98759		8/1/2018		322,303		323,373		348,577
3128H6XM1	FHLMC GOLD POOL # E98784		8/1/2018		10,009		10,568		10,691
3128H6ZC1	FHLMC GOLD POOL # E98839		7/1/2018		119,253		119,666		128,974
3128H77K2	FHLMC GOLD POOL # E99898		10/1/2018		217,908		218,665		235,672
3128H7PN6	FHLMC GOLD POOL # E99429		9/1/2013		2,444,453		2,393,742		2,538,738
3128H7QL9	FHLMC GOLD POOL # E99459		9/1/2018		940,317		943,473		1,016,973
3128H7R95	FHLMC GOLD POOL # E99512		9/1/2018		800,224		802,974		865,459
3128H7YH9	FHLMC GOLD POOL # E99712		10/1/2018		161,959		162,522		175,162
3128JLDM8	FHLMC POOL # 1B1107		9/1/2033		3,117,323		3,066,503		3,231,405
3128JLEY1	FHLMC POOL # 1B1150		9/1/2033		5,639,006		5,547,486		5,845,209
3128JLHB8	FHLMC POOL # 1B1225		9/1/2033		197,889		194,448		204,932


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
3128JM6N2	FHLMC POOL # 1B2776		2/1/2035		614,890		604,675		632,130
3128JM7E1	FHLMC POOL # 1B2792		2/1/2035		486,682		478,699		501,015
3128JMW45	FHLMC POOL # 1B2566		11/1/2034		242,988		240,020		251,957
3128JMY68	FHLMC POOL # 1B2632		11/1/2034		334,766		330,572		344,490
3128JMZG5	FHLMC POOL # 1B2642		11/1/2034		445,425		440,110		460,540
3128JNAL9	FHLMC POOL # 1B2810		2/1/2035		487,848		479,715		501,080
3128JRP26	FHLMC POOL # 847641		12/1/2033		2,493,362		2,473,763		2,599,515
3128K17K1	FHLMC GOLD POOL # A41798		1/1/2036		6,992,684		7,147,346		7,239,526
3128KA4Z1	FHLMC GOLD POOL # A49840		6/1/2036		97,320		102,186		104,677
3128KE5H2	FHLMC GOLD POOL # A52648		9/1/2036		249,344		252,528		269,099
3128KVAR6	FHLMC GOLD POOL # A64516		8/1/2037		236,157		239,176		257,104
3128KWBZ5	FHLMC GOLD POOL # A65456		9/1/2037		24,325		25,258		26,422
3128KWFX6	FHLMC GOLD POOL # A65582		9/1/2037		48,760		50,627		52,962
3128KWFY4	FHLMC GOLD POOL # A65583		9/1/2037		64,610		67,084		70,178
3128KWT29	FHLMC GOLD POOL # A65969		9/1/2037		34,755		36,086		37,750
3128KWTK9	FHLMC GOLD POOL # A65954		9/1/2037		56,565		58,730		61,440
3128KWTP8	FHLMC GOLD POOL # A65958		9/1/2037		49,459		51,352		53,721
3128KWTZ6	FHLMC GOLD POOL # A65968		9/1/2037		37,005		38,421		40,194
3128KYXE4	FHLMC GOLD POOL # A67877		4/1/2037		23,414		24,311		25,432
3128M4XA6	FHLMC GOLD POOL # G03073		7/1/2037		4,637,031		4,656,035		4,906,195
3128M4ZG1	FHLMC GOLD POOL # G03143		7/1/2037		4,606		4,782		5,002
3128M6UB2	FHLMC GOLD POOL # G04778		7/1/2038		117,102		121,593		127,193
3128M7AZ9	FHLMC GOLD POOL # G05124		12/1/2038		329,182		341,803		357,551
3128M7HL3	FHLMC GOLD POOL # G05335		3/1/2039		173,830		180,978		180,158
3128M7PN0	FHLMC GOLD POOL # G05529		7/1/2039		1,472,569		1,516,615		1,524,568
3128MMAC7	FHLMC GOLD POOL # G18002		7/1/2019		1,054,441		1,037,736		1,125,178
3128MMLD3	FHLMC GOLD POOL # G18323		9/1/2024		4,046,910		4,142,519		4,208,168
3128NCBF0	FHLMC POOL # 1G0038		1/1/2035		517,950		509,922		529,296
3128NCBH6	FHLMC POOL # 1G0040		1/1/2035		875,124		859,297		888,243
3128NCBW3	FHLMC POOL # 1G0053		2/1/2035		621,675		611,976		638,860
3128NCDH4	FHLMC POOL # 1G0104		2/1/2035		292,612		287,764		301,750
3128QLP54	FHLMC POOL # 1H2544		11/1/2035		18,215,881		17,870,002		18,718,922
3128QLPD7	FHLMC POOL # 1H2520		6/1/2035		29,155,689		28,855,240		29,981,656
3128S4E52	FHLMC POOL # 1Q0156		10/1/2035		9,477,230		9,385,162		9,827,996
3128X9AM2	FREDDIE MAC AGENCY BND		8/24/2012		10,000,000		9,961,727		10,040,900
312929CM2	FHLMC GOLD POOL # A82776		1/1/2039		12,480		12,958		13,556
31292KJH1	FHLMC GOLD POOL # C02964		7/1/2037		2,436		2,529		2,646
31292KX93	FHLMC GOLD POOL # C03404		9/1/2039		5,868,373		5,922,671		5,888,325
312930LH1	FHLMC GOLD POOL # A83928		1/1/2039		44,429		46,131		48,258
312930LQ1	FHLMC GOLD POOL # A83935		1/1/2039		46,651		48,438		50,671
312930RC6	FHLMC GOLD POOL # A84083		1/1/2039		29,795		30,939		32,000
312930RV4	FHLMC GOLD POOL # A84100		1/1/2039		17,580		18,254		19,095
312930TB6	FHLMC GOLD POOL # A84146		1/1/2039		13,408		13,922		14,401
312931D62	FHLMC GOLD POOL # A84625		2/1/2039		4,771,815		4,664,443		4,631,292
312931TJ7	FHLMC GOLD POOL # A85053		3/1/2039		4,519,711		4,620,142		4,672,477
3129326W1	FHLMC GOLD POOL # A86285		5/1/2039		37,421		38,611		38,686
312932CX2	FHLMC GOLD POOL # A85486		4/1/2039		3,754,212		3,817,662		3,768,702
312932XE1	FHLMC GOLD POOL # A86077		5/1/2039		42,619		43,974		44,060
312932ZE9	FHLMC GOLD POOL # A86141		5/1/2039		105,130		108,473		108,957
312933E83	FHLMC GOLD POOL # A86459		5/1/2039		35,572		36,703		36,775
312933F41	FHLMC GOLD POOL # A86487		6/1/2039		5,374,283		5,361,719		5,392,556
312933F66	FHLMC GOLD POOL # A86489		6/1/2039		39,945		41,216		41,295
3129345K4	FHLMC GOLD POOL # A88050		8/1/2039		193,695		199,495		200,534
312934JJ2	FHLMC GOLD POOL # A87465		7/1/2039		84,017		86,689		86,857
312934MM1	FHLMC GOLD POOL # A87564		7/1/2039		78,785		81,292		81,448
312934PJ5	FHLMC GOLD POOL # A87625		8/1/2039		103,288		106,573		107,048
312934R38	FHLMC GOLD POOL # A87706		8/1/2039		88,302		91,111		91,517
312934WP3	FHLMC GOLD POOL # A87854		8/1/2039		76,252		78,536		78,830
312934Z47	FHLMC GOLD POOL # A87963		8/1/2039		63,787		65,816		65,943
3129353B3	FHLMC GOLD POOL # A88894		9/1/2039		781,167		787,791		783,823
3129356Q7	FHLMC GOLD POOL # A88979		9/1/2039		194,053		195,698		194,713
312935AT6	FHLMC GOLD POOL # A88118		8/1/2039		217,539		224,054		225,221
312935BW8	FHLMC GOLD POOL # A88153		8/1/2039		99,252		103,368		102,606
312935JT7	FHLMC GOLD POOL # A88374		9/1/2039		296,910		299,864		297,920


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
312935KN8	FHLMC GOLD POOL # A88401		9/1/2039		128,710		132,563		133,061
312935KY4	FHLMC GOLD POOL # A88411		9/1/2039		294,882		297,815		295,884
312935LV9	FHLMC GOLD POOL # A88440		9/1/2039		197,982		199,951		198,655
312935MQ9	FHLMC GOLD POOL # A88467		9/1/2039		984,416		995,616		990,061
312935MV8	FHLMC GOLD POOL # A88472		9/1/2039		1,975,257		1,995,670		1,981,973
312935S59	FHLMC GOLD POOL # A88640		9/1/2039		1,177,408		1,224,671		1,218,984
312935S75	FHLMC GOLD POOL # A88642		9/1/2039		461,753		480,895		478,563
3129365C7	FHLMC GOLD POOL # A89843		11/1/2039		1,607,245		1,671,870		1,663,999
312936AM9	FHLMC GOLD POOL # A89012		9/1/2039		123,168		128,113		127,331
312936AP2	FHLMC GOLD POOL # A89014		9/1/2039		97,553		101,597		100,850
312936GU5	FHLMC GOLD POOL # A89211		10/1/2039		161,266		167,958		167,137
312936LH8	FHLMC GOLD POOL # A89328		10/1/2039		392,673		409,028		405,945
312936LM7	FHLMC GOLD POOL # A89332		10/1/2039		691,855		719,263		715,239
3129383Y7	FHLMC GOLD POOL # A90815		1/1/2040		163,298		169,866		168,817
3129385D1	FHLMC GOLD POOL # A90844		1/1/2040		106,043		110,300		109,627
312938GP2	FHLMC GOLD POOL # A90206		12/1/2039		548,896		570,940		568,279
312938XT5	FHLMC GOLD POOL # A90690		1/1/2040		744,061		773,946		769,405
31294KDZ5	FHLMC GOLD POOL # E01020		9/1/2016		2,418		2,550		2,573
31294KFJ9	FHLMC GOLD POOL # E01069		11/1/2016		4,094		4,319		4,368
31294KHD0	FHLMC GOLD POOL # E01128		2/1/2017		8,754		9,237		9,330
31294KHL2	FHLMC GOLD POOL # E01135		3/1/2017		17,248		18,199		18,433
31294KJT3	FHLMC GOLD POOL # E01174		5/1/2017		5,923		6,250		6,304
31294KKU8	FHLMC GOLD POOL # E01207		9/1/2017		9,573		10,104		10,202
31294KN43	FHLMC GOLD POOL # E01311		2/1/2018		1,686,323		1,691,875		1,823,793
31294KNY7	FHLMC GOLD POOL # E01307		2/1/2018		89,473		94,454		95,605
31294KP25	FHLMC GOLD POOL # E01341		3/1/2018		2,391,457		2,399,355		2,586,410
31294KQ73	FHLMC GOLD POOL # E01378		5/1/2018		192,685		203,433		205,892
31294KUR4	FHLMC GOLD POOL # E01492		10/1/2018		1,131,737		1,135,648		1,223,997
31294KUT0	FHLMC GOLD POOL # E01494		9/1/2018		9,632,448		9,665,451		10,417,692
3129624Q3	FHLMC GOLD POOL # B10831		11/1/2018		135,310		135,759		146,340
3129624X8	FHLMC GOLD POOL # B10838		11/1/2018		9,943		10,500		10,624
312962BY8	FHLMC GOLD POOL # B10055		10/1/2018		28,151		29,729		30,081
312962CK7	FHLMC GOLD POOL # B10074		10/1/2018		13,030		13,759		13,918
312962CQ4	FHLMC GOLD POOL # B10079		8/1/2018		14,517		15,327		15,514
312962CT8	FHLMC GOLD POOL # B10082		8/1/2018		2,680		2,829		2,852
312962DE0	FHLMC GOLD POOL # B10101		10/1/2018		13,846		14,622		14,789
312962EY5	FHLMC GOLD POOL # B10151		10/1/2018		23,823		25,157		25,456
312962FM0	FHLMC GOLD POOL # B10172		10/1/2018		21,090		22,269		22,526
312962FN8	FHLMC GOLD POOL # B10173		10/1/2018		9,942		10,498		10,619
312962FW8	FHLMC GOLD POOL # B10181		10/1/2018		32,492		34,313		34,705
312962J53	FHLMC GOLD POOL # B10284		10/1/2018		1,260,799		1,265,214		1,363,580
312962JW4	FHLMC GOLD POOL # B10277		11/1/2018		31,375		33,133		33,512
312962KD4	FHLMC GOLD POOL # B10292		10/1/2018		140,688		141,171		152,157
312962KP7	FHLMC GOLD POOL # B10302		10/1/2018		22,452		23,710		23,981
312962KT9	FHLMC GOLD POOL # B10306		10/1/2018		21,354		22,548		22,808
312962MD2	FHLMC GOLD POOL # B10356		11/1/2018		40,780		43,060		43,557
312962MT7	FHLMC GOLD POOL # B10370		11/1/2018		23,155		24,447		24,732
312962MV2	FHLMC GOLD POOL # B10372		11/1/2018		20,043		21,163		21,408
312962NJ8	FHLMC GOLD POOL # B10393		10/1/2018		28,650		30,257		30,601
312962Q63	FHLMC GOLD POOL # B10477		10/1/2018		23,564		23,645		25,485
312962T86	FHLMC GOLD POOL # B10575		11/1/2018		19,621		20,720		20,957
312962TL7	FHLMC GOLD POOL # B10555		11/1/2018		26,773		28,275		28,596
312962UJ0	FHLMC GOLD POOL # B10585		11/1/2018		12,742		13,456		13,610
312962UW1	FHLMC GOLD POOL # B10597		11/1/2018		1,975,036		1,981,910		2,136,042
312962WC3	FHLMC GOLD POOL # B10643		11/1/2018		24,873		26,268		26,578
312963BP5	FHLMC GOLD POOL # B10946		12/1/2018		119,496		119,916		129,237
312963CK5	FHLMC GOLD POOL # B10974		11/1/2018		19,926		21,042		21,292
312963G70	FHLMC GOLD POOL # B11122		11/1/2018		708,502		710,916		766,259
312963L66	FHLMC GOLD POOL # B11249		12/1/2018		10,899		11,510		11,641
312963L74	FHLMC GOLD POOL # B11250		11/1/2018		31,140		31,251		33,679
312963LA7	FHLMC GOLD POOL # B11221		12/1/2018		16,565		17,493		17,693
312963MS7	FHLMC GOLD POOL # B11269		12/1/2018		29,503		31,157		31,525
312963RG8	FHLMC GOLD POOL # B11387		12/1/2018		36,807		38,872		39,330
312963RR4	FHLMC GOLD POOL # B11396		12/1/2018		28,575		30,176		30,521


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
312963UB5	FHLMC GOLD POOL # B11478		12/1/2018		16,930		17,879		18,083
312963V40	FHLMC GOLD POOL # B11535		1/1/2019		21,273		22,466		22,731
312963VY4	FHLMC GOLD POOL # B11531		12/1/2018		267,562		268,501		289,374
312963WH0	FHLMC GOLD POOL # B11548		12/1/2018		30,416		30,523		32,895
312963XT3	FHLMC GOLD POOL # B11590		12/1/2018		6,181		6,527		6,605
312963Z53	FHLMC GOLD POOL # B11664		1/1/2019		15,265		16,121		16,305
312963ZG9	FHLMC GOLD POOL # B11643		11/1/2018		123,871		124,289		133,969
3129642B4	FHLMC GOLD POOL # B12570		3/1/2019		344,312		345,188		371,879
312964AU3	FHLMC GOLD POOL # B11819		1/1/2019		12,412		13,108		13,263
312964CQ0	FHLMC GOLD POOL # B11879		1/1/2019		10,927		11,540		11,671
312964EJ4	FHLMC GOLD POOL # B11937		1/1/2019		12,856		13,577		13,737
312964EK1	FHLMC GOLD POOL # B11938		1/1/2019		26,264		27,737		28,064
312964FV6	FHLMC GOLD POOL # B11980		1/1/2019		13,230		13,971		14,117
312964GZ6	FHLMC GOLD POOL # B12016		2/1/2019		11,817		12,480		12,609
312964KG3	FHLMC GOLD POOL # B12095		2/1/2019		8,101		8,556		8,653
312964QW2	FHLMC GOLD POOL # B12269		2/1/2019		465,777		467,351		503,748
312964RW1	FHLMC GOLD POOL # B12301		2/1/2014		1,097,668		1,058,362		1,133,915
312964WX3	FHLMC GOLD POOL # B12462		10/1/2018		581,304		583,292		628,693
312965A71	FHLMC GOLD POOL # B12730		3/1/2014		2,047,030		2,000,909		2,114,626
312965CF1	FHLMC GOLD POOL # B12770		1/1/2019		10,592		11,186		11,320
312965CH7	FHLMC GOLD POOL # B12772		3/1/2014		2,244,615		2,163,965		2,318,736
312965DX1	FHLMC GOLD POOL # B12818		3/1/2014		1,645,262		1,586,085		1,699,591
312965DY9	FHLMC GOLD POOL # B12819		3/1/2014		1,969,728		1,925,259		2,034,771
312965FY7	FHLMC GOLD POOL # B12883		3/1/2014		1,768,594		1,704,558		1,826,996
312965GT7	FHLMC GOLD POOL # B12910		3/1/2014		1,371,528		1,321,893		1,416,818
312965GU4	FHLMC GOLD POOL # B12911		3/1/2014		1,493,334		1,439,702		1,542,646
312965HK5	FHLMC GOLD POOL # B12934		3/1/2019		28,976		30,601		30,920
312965MP8	FHLMC GOLD POOL # B13066		3/1/2014		6,872,357		6,716,976		7,099,291
312965QA7	FHLMC GOLD POOL # B13149		11/1/2018		365,946		367,181		395,778
312965WC6	FHLMC GOLD POOL # B13343		4/1/2014		922,460		888,696		952,921
312965WD4	FHLMC GOLD POOL # B13344		4/1/2014		1,243,915		1,198,466		1,284,991
312965WU6	FHLMC GOLD POOL # B13359		4/1/2014		1,145,762		1,104,028		1,183,597
312965WV4	FHLMC GOLD POOL # B13360		4/1/2014		1,498,410		1,443,764		1,547,889
312966WU4	FHLMC GOLD POOL # B14259		5/1/2019		1,652,657		1,656,701		1,784,975
312967MC3	FHLMC GOLD POOL # B14855		6/1/2014		1,772,865		1,746,247		1,863,533
312967MH2	FHLMC GOLD POOL # B14860		5/1/2014		3,167,027		3,105,794		3,271,607
312968QL7	FHLMC GOLD POOL # B15859		12/1/2018		2,667,390		2,677,263		2,875,843
3129696M5	FHLMC GOLD POOL # B17176		11/1/2014		3,767,942		3,699,590		3,892,365
312969VY1	FHLMC GOLD POOL # B16931		10/1/2014		6,224,319		6,132,162		6,542,643
3129714D3	FHLMC GOLD POOL # B18920		3/1/2015		5,022,861		4,929,106		5,174,402
31331S4Z3	FEDERAL FARM CREDIT BANK AGENCY BND		8/8/2011		1,600,000		1,600,951		1,679,840
31331SH97	FEDERAL FARM CREDIT BANK AGENCY BND		4/24/2012		1,000,000		1,001,147		1,061,655
31331ST29	FEDERAL FARM CREDIT BANK AGENCY BND		4/25/2012		1,400,000		1,396,109		1,490,160
31331VPV2	FFCB AGENCY BND		4/1/2016		2,975,000		2,959,424		3,261,790
31331XU75	FFCB AGENCY BND		8/13/2014		5,000,000		5,015,461		5,526,000
31331Y4P2	FFCB AGENCY BND		11/6/2017		11,435,000		11,457,854		12,527,043
31331YEJ5	FFCB AGENCY BND		11/15/2018		28,115,000		28,673,237		30,105,542
31335H2K8	FHLMC GOLD POOL # C90778		11/1/2023		2,831,960		2,708,390		2,942,690
3133MB2B2	FHLB AGENCY BND		2/13/2015		1,800,000		2,025,531		2,169,720
3133X85H1	FHLB AGENCY BND		8/10/2010		1,000,000		998,620		1,014,700
3133XCZJ5	FHLB AGENCY BND		8/26/2013		1,000,000		1,002,492		1,082,700
3133XUE41	FHLB AGENCY BND		8/22/2012		5,000,000		4,994,632		5,042,650
3133XVEM9	FHLB AGENCY BND		11/21/2012		3,000,000		2,994,451		3,006,420
3133XVNU1	FHLB AGENCY BND		12/12/2014		74,500,000		74,913,776		74,491,059
31342A6F1	FHLMC POOL # 780870		9/1/2033		1,122,329		1,102,656		1,155,858
31349UCW6	FHLMC POOL # 782785		10/1/2034		550,338		543,117		563,538
31349UEJ3	FHLMC POOL # 782837		11/1/2034		966,263		952,635		994,658
31349UJM1	FHLMC POOL # 782968		1/1/2035		2,517,830		2,484,223		2,574,974
31349ULB2	FHLMC POOL # 783022		2/1/2035		999,334		986,562		1,026,351
31349ULF3	FHLMC POOL # 783026		2/1/2035		626,093		615,574		639,905
31349UMF2	FHLMC POOL # 783058		3/1/2035		7,428,025		7,353,286		7,556,684
3134A35H5	FHLMC AGENCY BND		9/15/2010		721,000		727,637		742,616
3134A4QD9	FHLMC AGENCY BND		7/15/2012		300,000		307,703		325,701
31371KBQ3	FNMA POOL # 253947		8/1/2031		18,101		18,769		19,781


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
31371LZJ1	FNMA POOL # 255545		1/1/2015		3,694,772		3,589,093		3,852,908
31371MFY8	FNMA POOL # 255883		8/1/2035		10,945,581		10,717,892		11,362,811
31371QU71	FNMA POOL # 259006		3/1/2030		66,860		69,301		73,183
31375BUQ8	FNMA POOL # 330091		2/1/2023		140,437		145,505		153,691
31375KSE8	FNMA POOL # 337217		12/1/2024		54,580		56,979		60,123
31376CTB0	FNMA POOL # 351646		12/1/2024		8,849		9,177		9,685
31376KKK1	FNMA POOL # 357698		1/1/2015		1,596,292		1,566,378		1,650,566
31377XSA6	FNMA POOL # 390313		6/1/2027		88,236		91,622		96,646
31379T6G4	FNMA POOL # 429371		2/1/2014		36,380		36,135		38,183
3137EAAD1	FHLMC AGENCY BND		4/18/2016		50,000,000		51,598,574		55,387,505
3137EACE7	FHLMC AGENCY BND		9/21/2012		11,500,000		11,486,656		11,692,624
31382NR20	FNMA POOL # 487505		4/1/2029		985		1,013		1,039
31384VP63	FNMA POOL # 535145		2/1/2030		853,417		884,771		932,625
31384VP97	FNMA POOL # 535148		2/1/2030		191,853		198,928		209,659
31384VUE0	FNMA POOL # 535281		4/1/2030		1,029,402		1,067,401		1,124,943
31384WLB4	FNMA POOL # 535922		3/1/2031		54,754		56,766		59,931
31384WVT4	FNMA POOL # 536226		5/1/2030		41,284		42,801		45,187
31384Y2A3	FNMA POOL # 538169		4/1/2030		67,286		69,742		73,648
31385FVZ6	FNMA POOL # 543432		6/1/2030		140,013		145,164		153,252
31385GZH0	FNMA POOL # 544444		9/1/2030		533		553		584
31385QRZ7	FNMA POOL # 549604		8/1/2030		4,310		4,469		4,718
31385RB58	FNMA POOL # 550060		4/1/2030		1,568,428		1,649,511		1,729,682
31385XEW3	FNMA POOL # 555549		6/1/2018		500,244		496,491		534,277
31385XK48	FNMA POOL # 555715		7/1/2033		290,042		286,314		297,018
31386XQU3	FNMA POOL # 576567		2/1/2031		2,118,265		2,195,276		2,318,561
31387EBE6	FNMA POOL # 581537		6/1/2031		53,950		55,946		58,957
31388DTM0	FNMA POOL # 601856		1/1/2031		33,880		35,214		37,109
31388HTX7	FNMA POOL # 605466		8/1/2031		20,404		21,164		22,298
31388XVV3	FNMA POOL # 618128		8/1/2033		7,723,528		7,551,371		7,864,269
31389EU78	FNMA POOL # 623506		12/1/2011		331,950		332,399		350,672
31389EVA0	FNMA POOL # 623509		12/1/2016		2,585,165		2,603,893		2,788,359
31389EVB8	FNMA POOL # 623510		12/1/2016		2,821,023		2,840,261		3,042,756
31389XHM8	FNMA POOL # 638436		3/1/2012		281,054		283,383		304,436
31391AKC2	FNMA POOL # 660991		7/1/2032		6,456		6,696		7,055
31391PTM8	FNMA POOL # 672956		12/1/2017		19,345,633		19,353,753		20,623,044
31391PUF1	FNMA POOL # 672982		12/1/2017		503,675		499,915		537,774
31391YV87	FNMA POOL # 681139		1/1/2033		5,203		5,483		5,651
31392JTP4	FNMA AGENCY CMO_03-20 HP		10/25/2016		74,013		73,664		75,123
31393DL74	FNMA CMO AGENCY CMO_03-80 CA		4/25/2030		462,851		454,242		475,163
31393EFX2	FNMA CMO AGENCY CMO 03-79 NL		5/25/2022		1,036,221		1,044,634		1,060,476
31393KLM5	FHLMC AGENCY CMO 2570 CL		7/15/2017		578,679		571,782		601,935
31393M5X5	FHLMC CMO AGENCY CMO 2580		12/15/2016		761,365		17,685		9,822
31393QVD1	FHLMC AGENCY CMO 2618 NE		6/15/2013		460,406		458,798		469,269
31393VPH8	FHLMC_2627 CMO 2628-OD		7/15/2017		31,560,900		31,165,471		32,924,331
31394EK49	FNMA_05-58 AGENCY CMO 05-69		8/25/2035		79,911		—		2,070
31395RAR9	FHLMC AGENCY CMO R001 AE		4/15/2015		920,151		914,512		949,090
31396A7E8	FHLMC_3035 CMO AGENCY 3038 XA		9/15/2035		569,514		568,448		494,737
31396AFE9	FHLMC_3035 AGENCY CMO 3028		12/15/2026		4,410,712		4,405,456		4,475,991
31396KS45	FNMA_06-65 CMO AGENCY 6-81 LF1		9/25/2036		280,802		286,763		274,484
31396NAL0	FHLMC AGENCY CMO 3138 X		4/15/2036		127,983		129,446		127,266
31396TYH0	FHLMC AGENCY CMO 3167 X		6/15/2036		125,302		124,616		124,851
31396VDA3	FNMA_07-41 CMO 7-27 XA		5/25/2035		256,353		254,198		247,586
31396VV21	FNMA_07-41 AGENCY CMO 07-42 LF		5/25/2037		415,308		447,076		395,996
31396WBP0	FNR CMO 07-56 FA		6/25/2037		15,094,360		14,484,479		14,932,850
31396WCB0	FNMA_07-53 AGENCY CMO 07-56 GY		6/25/2037		51,898		51,131		51,493
31396WDG8	FNMA_07-53 AGENCY CMO 07-53 UF		6/25/2037		342,872		362,655		332,620
31397F7E6	FHLMC AGENCY CMO 3274 SX		7/15/2036		141,452		145,343		137,817
31397FES7	FHLMC_3271 AGENCY CMO 3275 UF		2/15/2037		307,533		345,430		301,167
31397KTK7	FHR CMO 3380 FP		11/15/2036		25,862,780		25,211,637		25,790,365
31398AJ94	FNMA AGENCY BND		5/7/2013		5,000,000		4,992,053		4,989,600
31398AYM8	FNMA AGENCY BND		8/10/2012		3,700,000		3,697,874		3,732,116
31398AYY2	FNMA SENIOR AGENCY BND		9/16/2014		2,000,000		2,028,389		2,039,440
31398AZF2	FNMA AGENCY BND		9/28/2012		5,000,000		4,999,583		5,011,100
31398W2U7	FHLMC AGENCY CMO 3629 AB		1/15/2023		8,727,841		9,110,325		9,140,486


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
31398W5H3	FHLMC AGENCY CMO 3626 DA		11/15/2037		10,862,912		11,196,341		11,343,053
31400EGH7	FNMA POOL # 685200		3/1/2018		448,360		445,009		478,863
31400JL98	FNMA POOL # 688952		4/1/2033		7,938,400		7,854,856		8,235,420
31400JM55	FNMA POOL # 688980		5/1/2033		2,548		2,640		2,712
31400QJ87	FNMA POOL # 694287		3/1/2033		36,435		35,915		37,149
31400SA33	FNMA POOL # 695826		4/1/2018		383,377		380,506		409,459
31400UQV9	FNMA POOL # 698068		4/1/2033		526,075		520,473		558,271
31401A3C9	FNMA POOL # 702895		4/1/2018		516,386		512,522		551,517
31402DGQ7	FNMA POOL # 725707		8/1/2019		1,788,963		1,775,347		1,908,542
31402GP98	FNMA POOL # 728648		7/1/2033		8,481		8,782		8,807
31402QXK2	FNMA POOL # 735182		2/1/2031		947,712		988,586		1,035,671
31402RSS9	FNMA POOL # 735929		8/1/2032		1,393,723		1,445,534		1,526,562
31402YSV7	FNMA POOL # 742232		9/1/2033		27,807		27,386		28,565
31403C2L4	FNMA POOL # 745179		4/1/2019		1,784,990		1,771,461		1,906,428
31403CWU1	FNMA POOL # 745059		9/1/2035		13,832,387		13,737,535		14,088,069
31403DC56	FNMA POOL # 745392		12/1/2020		10,723,387		10,453,864		11,267,055
31403DC72	FNMA POOL # 745394		11/1/2020		6,531,121		6,367,189		6,865,514
31403DCE7	FNMA POOL # 745369		12/1/2019		1,076,820		1,068,614		1,148,797
31403DCZ0	FNMA POOL # 745388		11/1/2018		3,561,135		3,534,269		3,803,409
31403DJG5	FNMA POOL # 745563		8/1/2034		31,396		32,283		33,239
31403KDB6	FNMA POOL # 750798		12/1/2033		27,929		27,512		28,398
31403NYJ0	FNMA POOL # 754113		12/1/2033		43,950		45,592		48,029
31403SBL9	FNMA POOL # 756143		7/1/2030		307,906		319,950		337,253
31403VBR9	FNMA POOL # 758848		1/1/2019		529,833		525,818		565,879
31404NBP0	FNMA POOL # 773246		2/1/2035		377,778		372,066		385,658
31404RA98	FNMA POOL # 775932		6/1/2028		41,672		43,285		45,540
31404RAX5	FNMA POOL # 775922		10/1/2028		176,250		182,665		192,608
31404SFP5	FNMA POOL # 776974		4/1/2034		8,011		8,255		8,524
31405QNR5	FNMA POOL # 796100		10/1/2034		2,123		2,183		2,259
31405UMM8	FNMA POOL # 799664		10/1/2034		177,903		176,515		183,140
31405UTZ2	FNMA POOL # 799868		11/1/2034		55,073		54,390		56,101
31406BB90	FNMA POOL # 804764		1/1/2035		621,311		613,129		633,939
31406BEZ9	FNMA POOL # 804852		12/1/2034		572,862		565,484		584,251
31406BJF8	FNMA POOL # 804962		1/1/2035		714,999		706,663		729,373
31406BQQ6	FNMA POOL # 805163		1/1/2035		766,229		755,467		777,053
31406DG67	FNMA POOL # 806721		11/1/2034		1,401,415		1,386,616		1,448,515
31406MYP5	FNMA POOL # 814418		3/1/2035		827,522		814,749		841,208
31406PD71	FNMA POOL # 815626		5/1/2035		10,574,607		10,482,237		10,834,315
31406QLT2	FNMA POOL # 816738		1/1/2030		1,091,675		1,131,890		1,192,996
31406TLC3	FNMA POOL # 819423		4/1/2035		1,198,825		1,186,705		1,243,795
31406TWR8	FNMA POOL # 819756		1/1/2035		1,433,513		1,420,506		1,459,997
31406VHE9	FNMA POOL # 821129		5/1/2035		699,170		688,830		716,856
31407CE29	FNMA POOL # 826453		7/1/2035		1,284		1,320		1,366
31407FG53	FNMA POOL # 829220		8/1/2035		3,309		3,402		3,519
31407FUW8	FNMA POOL # 829597		8/1/2035		4,558,163		4,510,795		4,691,161
31407JXG2	FNMA POOL # 832379		8/1/2035		1,541,198		1,525,107		1,571,977
31408AG53	FNMA POOL # 845420		2/1/2036		81,401		85,766		87,109
31408BKL1	FNMA POOL # 846399		5/1/2029		2,440,629		2,529,861		2,667,150
31408FJR1	FNMA POOL # 849972		2/1/2029		1,894,526		1,963,893		2,070,362
31408GFA0	FNMA POOL # 850761		12/1/2035		683,885		720,559		730,404
31409A5P0	FNMA POOL # 865854		3/1/2036		256,834		270,607		274,844
31409AYE3	FNMA POOL # 865709		3/1/2036		659,449		694,783		703,830
31409CRY3	FNMA POOL # 867303		2/1/2036		428,221		451,048		458,249
31409GML7	FNMA POOL # 870763		7/1/2036		2,890,609		3,019,121		3,138,947
31409UB38	FNMA POOL # 878558		3/1/2036		80,978		85,316		86,310
31409VYW7	FNMA POOL # 880125		4/1/2036		111,394		117,363		118,730
31410CJV5	FNMA POOL # 885076		5/1/2036		33,000		34,772		35,221
31410FU60	FNMA POOL # 888105		8/1/2020		1,444,415		1,433,334		1,542,683
31410GC84	FNMA POOL # 888495		7/1/2035		3,256,005		3,224,507		3,342,242
31410GD83	FNMA POOL # 888527		4/1/2034		110,498		108,489		114,826
31410GDF7	FNMA POOL # 888502		6/1/2033		389,831		384,953		408,094
31410GDL4	FNMA POOL # 888507		2/1/2035		1,941,097		1,908,664		1,996,626
31410GDN0	FNMA POOL # 888509		6/1/2033		251,749		246,489		260,154
31410GDP5	FNMA POOL # 888510		6/1/2035		7,773,584		7,618,006		8,097,615


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
31410GDS9	FNMA POOL # 888513		2/1/2034		371,189		366,381		381,723
31410GDY6	FNMA POOL # 888519		1/1/2035		208,705		205,285		214,273
31410GJ46	FNMA POOL # 888683		12/1/2019		5,155,777		5,116,440		5,501,730
31410KS47	FNMA POOL # 889839		12/1/2035		15,604		16,046		16,521
31410KX74	FNMA POOL # 890002		9/1/2036		10,641,032		10,659,674		11,286,877
31410MMX5	FNMA POOL # 891474		4/1/2036		577,062		608,051		617,527
31412ESY3	FNMA POOL # 923135		1/1/2037		64,633		68,079		69,165
31412N6G6	FNMA POOL # 930671		3/1/2039		107,966		108,924		108,452
31412NUL8	FNMA POOL # 930387		1/1/2039		2,218,205		2,290,676		2,297,172
31412NUP9	FNMA POOL # 930390		1/1/2039		2,143,339		2,213,868		2,214,498
31412NUQ7	FNMA POOL # 930391		1/1/2039		239,724		247,556		248,258
31412NUT1	FNMA POOL # 930394		1/1/2039		135,453		139,874		139,909
31412NXB7	FNMA POOL # 930474		1/1/2039		1,722,719		1,778,187		1,784,047
31412NXE1	FNMA POOL # 930477		1/1/2039		2,835,713		2,931,858		2,942,052
31412NZ33	FNMA POOL # 930562		2/1/2039		109,134		112,619		113,189
31412PP88	FNMA POOL # 931147		5/1/2039		325,397		335,331		336,981
31412PQF1	FNMA POOL # 931154		5/1/2039		176,077		181,452		182,345
31412PS44	FNMA POOL # 931239		5/1/2039		58,496		60,282		60,579
31412PXF3	FNMA POOL # 931378		6/1/2039		146,616		147,720		147,114
31412QE70	FNMA POOL # 931758		8/1/2039		5,845,018		6,077,281		6,036,734
31412TM26	FNMA POOL # 934277		6/1/2038		7,855,596		8,092,887		8,288,440
31412UY53	FNMA POOL # 935532		8/1/2039		357,820		361,804		359,823
31412UZE3	FNMA POOL # 935541		8/1/2039		109,123		112,455		113,008
31413CLH0	FNMA POOL # 941428		7/1/2037		7,335,311		7,596,271		7,804,037
31413NY66	FNMA POOL # 950833		11/1/2037		6,572,933		6,831,076		6,992,944
31413R2P0	FNMA POOL # 953582		12/1/2037		8,288,296		8,735,221		8,864,303
31413USF7	FNMA POOL # 956018		11/1/2037		579,462		598,323		616,029
31414NCH5	FNMA POOL # 970872		12/1/2038		3,189,453		3,340,266		3,413,101
31414NH31	FNMA POOL # 971050		2/1/2039		2,749,221		2,838,812		2,851,387
31414NH49	FNMA POOL # 971051		2/1/2039		3,546,191		3,662,234		3,672,433
31415VZW8	FNMA POOL # 990957		9/1/2023		447,784		438,142		472,896
31415YXR5	FNMA POOL # 993588		5/1/2039		128,098		129,235		128,674
31416A7B0	FNMA POOL # 994690		2/1/2039		90,002		92,746		93,206
31416H2S3	FNMA POOL # AA0784		4/1/2039		101,383		104,480		104,993
31416JZM6	FNMA POOL # AA1647		2/1/2039		4,686,068		4,840,016		4,840,240
31416KHU5	FNMA POOL # AA2042		2/1/2039		79,252		81,670		82,073
31416LLK0	FNMA POOL # AA3029		3/1/2039		84,115		86,683		87,109
31416M5A8	FNMA POOL # AA4440		3/1/2039		11,909,113		12,283,573		12,299,576
31416MLA0	FNMA POOL # AA3920		3/1/2039		88,984		89,779		89,385
31416MR48	FNMA POOL # AA4106		7/1/2039		102,194		105,316		105,832
31416MVP6	FNMA POOL # AA4221		4/1/2039		104,679		105,608		105,150
31416N5T5	FNMA POOL # AA5357		4/1/2039		251,941		254,743		253,076
31416NRD6	FNMA POOL # AA4983		3/1/2039		50,547		50,994		50,775
31416NUH3	FNMA POOL # AA5083		4/1/2039		37,904		39,060		39,254
31416PK89	FNMA POOL # AA5718		4/1/2039		52,651		54,258		54,525
31416PZA8	FNMA POOL # AA6136		5/1/2039		64,167		66,125		66,278
31416PZR1	FNMA POOL # AA6151		5/1/2039		77,620		80,099		80,166
31416QCU7	FNMA POOL # AA6382		6/1/2039		35,039		36,110		36,192
31416QJZ9	FNMA POOL # AA6579		5/1/2039		108,487		111,952		112,519
31416QTH8	FNMA POOL # AA6851		5/1/2039		99,126		102,293		102,378
31416QV51	FNMA POOL # AA6935		8/1/2039		43,740		44,070		43,889
31416QV77	FNMA POOL # AA6937		9/1/2039		89,921		92,668		92,871
31416R6U2	FNMA POOL # AA8082		7/1/2039		43,895		45,653		45,335
31416S6B2	FNMA POOL # AA8965		7/1/2039		123,255		124,184		123,674
31416SD40	FNMA POOL # AA8222		7/1/2039		130,773		131,759		131,218
31416SED9	FNMA POOL # AA8231		7/1/2039		97,976		101,105		101,189
31416SEE7	FNMA POOL # AA8232		7/1/2039		104,888		108,091		108,622
31416SFL0	FNMA POOL # AA8270		7/1/2039		66,493		66,922		66,719
31416SLA7	FNMA POOL # AA8420		6/1/2039		69,047		69,567		69,282
31416SLC3	FNMA POOL # AA8422		6/1/2039		144,355		145,442		144,846
31416T3D9	FNMA POOL # AA9795		7/1/2039		479,980		485,321		482,667
31416T7K9	FNMA POOL # AA9897		7/1/2039		69,256		69,778		69,492
31416TAG4	FNMA POOL # AA9006		7/1/2039		109,607		110,433		109,980
31416TAL3	FNMA POOL # AA9010		7/1/2039		103,477		106,782		107,322


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
31416TAM1	FNMA POOL # AA9011		7/1/2039		83,426		85,974		86,162
31416TE39	FNMA POOL # AA9153		8/1/2039		70,636		71,168		70,876
31416TE47	FNMA POOL # AA9154		8/1/2039		118,569		119,335		119,103
31416TEE5	FNMA POOL # AA9132		8/1/2039		127,956		128,920		128,391
31416TEF2	FNMA POOL # AA9133		8/1/2039		126,642		127,460		127,212
31416TEP0	FNMA POOL # AA9141		8/1/2039		101,498		104,740		104,827
31416TEQ8	FNMA POOL # AA9142		8/1/2039		99,264		102,296		102,798
31416TF46	FNMA POOL # AA9186		8/1/2039		89,656		92,395		92,597
31416TFQ7	FNMA POOL # AA9174		8/1/2039		67,653		68,163		67,883
31416TKG3	FNMA POOL # AA9294		6/1/2039		105,171		108,531		108,632
31416TKJ7	FNMA POOL # AA9296		6/1/2039		116,017		119,560		120,147
31416UDB9	FNMA POOL # AA9997		8/1/2039		33,267		34,330		34,358
31417J2B5	FNMA POOL # AC0769		9/1/2039		66,222		68,697		68,394
31417JFG0	FNMA POOL # AC0166		8/1/2039		251,270		261,311		260,215
31417JFK1	FNMA POOL # AC0169		8/1/2039		188,462		196,182		195,466
31417JSB7	FNMA POOL # AC0513		7/1/2039		37,850		38,094		37,978
31417JYM6	FNMA POOL # AC0715		9/1/2024		4,576,712		4,658,071		4,759,633
31417JYR5	FNMA POOL # AC0719		8/1/2039		81,082		81,693		81,357
31417KAZ0	FNMA POOL # AC0923		7/1/2039		40,249		40,552		40,386
31417KMH7	FNMA POOL # AC1259		8/1/2039		1,182,417		1,229,747		1,224,511
31417KS73	FNMA POOL # AC1441		9/1/2039		982,681		1,022,967		1,019,199
31417LLG8	FNMA POOL # AC2126		8/1/2039		63,313		65,245		65,389
31417LLX1	FNMA POOL # AC2141		7/1/2039		197,701		204,014		205,047
31417LLY9	FNMA POOL # AC2142		7/1/2039		132,733		136,783		137,458
31417LPJ8	FNMA POOL # AC2224		8/1/2039		41,680		42,953		43,047
31417LX42	FNMA POOL # AC2498		8/1/2039		47,797		49,258		49,365
31417M2W2	FNMA POOL # AC3488		8/1/2039		24,357		24,572		24,466
31417M3M3	FNMA POOL # AC3503		8/1/2039		69,209		71,983		71,479
31417MAD5	FNMA POOL # AC2703		11/1/2039		245,154		247,885		246,526
31417MF81	FNMA POOL # AC2890		9/1/2039		23,239		24,067		24,001
31417MFB4	FNMA POOL # AC2861		8/1/2039		239,972		241,521		240,788
31417MFE8	FNMA POOL # AC2864		8/1/2039		335,896		339,636		337,776
31417MLH4	FNMA POOL # AC3027		10/1/2039		97,482		101,502		100,679
31417MLK7	FNMA POOL # AC3029		10/1/2039		99,187		103,084		102,440
31417MPN7	FNMA POOL # AC3128		9/1/2039		111,165		115,320		114,811
31417MQK2	FNMA POOL # AC3157		10/1/2039		77,855		80,631		80,409
31417MQT3	FNMA POOL # AC3165		10/1/2039		77,399		80,292		79,938
31417MSY0	FNMA POOL # AC3234		9/1/2039		988,380		1,028,913		1,025,110
31417MSZ7	FNMA POOL # AC3235		9/1/2039		2,313,152		2,400,547		2,395,499
31417MTC7	FNMA POOL # AC3246		9/1/2039		391,616		395,172		392,947
31417MTD5	FNMA POOL # AC3247		10/1/2039		690,800		696,541		693,149
31417MU68	FNMA POOL # AC3304		10/1/2039		689,193		710,670		711,799
31417MVC4	FNMA POOL # AC3310		10/1/2039		294,301		296,974		295,301
31417MVD2	FNMA POOL # AC3311		10/1/2039		692,963		698,722		695,319
31417MVJ9	FNMA POOL # AC3316		10/1/2039		924,801		955,518		955,135
31417MWB5	FNMA POOL # AC3341		8/1/2039		35,807		36,950		36,981
31417MWL3	FNMA POOL # AC3350		8/1/2039		68,768		71,524		71,024
31417NB75	FNMA POOL # AC3661		10/1/2039		1,158,174		1,205,668		1,201,214
31417NB83	FNMA POOL # AC3662		10/1/2039		580,366		601,066		599,402
31417NCL3	FNMA POOL # AC3674		10/1/2024		6,697,956		6,921,855		6,992,126
31417NDN8	FNMA POOL # AC3708		11/1/2024		7,271,205		7,514,314		7,552,601
31417NKD2	FNMA POOL # AC3891		12/1/2039		336,122		349,910		348,613
31417NKE0	FNMA POOL # AC3892		12/1/2039		536,134		557,612		555,221
31417NRJ2	FNMA POOL # AC4088		8/1/2039		45,576		45,920		45,731
31417NRQ6	FNMA POOL # AC4094		8/1/2039		43,133		44,450		44,547
31417QR55	FNMA POOL # AC5007		1/1/2040		498,811		504,369		500,507
31417QTZ7	FNMA POOL # AC5067		10/1/2024		7,322,518		7,560,709		7,605,899
31417QUG7	FNMA POOL # AC5082		10/1/2039		1,031,322		1,042,813		1,037,094
31417SDJ6	FNMA POOL # AC5504		11/1/2039		133,046		138,502		137,410
31417SDK3	FNMA POOL # AC5505		11/1/2039		170,228		177,044		175,812
31417SDV9	FNMA POOL # AC5515		12/1/2039		76,298		79,354		78,801
31417SYT1	FNMA POOL # AC6121		11/1/2039		95,806		96,658		96,132
31417TL97	FNMA POOL # AC6651		12/1/2039		442,150		447,074		444,624
31417TQE1	FNMA POOL # AC6752		1/1/2040		655,694		662,997		659,364


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
31417UBK0	FNMA POOL # AC7241		11/1/2039		657,407		664,725		661,086
31417VJS3	FNMA POOL # AC8372		12/1/2039		33,152		33,445		33,265
31417VSU8	FNMA POOL # AC8630		1/1/2040		297,439		299,148		298,450
31417VXY4	FNMA POOL # AC8794		1/1/2040		64,777		65,352		64,997
31417WSS1	FNMA POOL # AC9528		1/1/2040		298,915		300,297		299,932
31417WTE1	FNMA POOL # AC9548		1/1/2040		199,063		200,185		199,740
31417WTG6	FNMA POOL # AC9550		1/1/2040		199,130		200,035		199,807
31418MT93	FNMA POOL # AD0575		1/1/2040		1,986,259		2,007,758		1,993,375
31418MUL4	FNMA POOL # AD0586		12/1/2039		881,918		889,749		885,004
31418NJ92	FNMA POOL # AD1187		2/1/2040		28,472		28,724		28,569
31418NKA7	FNMA POOL # AD1188		2/1/2040		25,394		25,619		25,480
31418NM23	FNMA POOL # AD1276		1/1/2040		217,713		226,435		224,854
31418NMY3	FNMA POOL # AD1274		1/1/2040		118,362		123,216		122,244
31418NQJ2	FNMA POOL # AD1356		1/1/2040		53,412		53,886		53,594
31418PNW1	FNMA POOL # AD2204		2/1/2040		139,163		144,739		143,727
31418PNY7	FNMA POOL # AD2206		2/1/2040		75,399		78,493		77,872
31421AAU7	FNMA POOL # MC0018		12/1/2038		4,775		4,956		5,038
31428XAQ9	FEDERAL EXPRESS CORP CORP BND		1/15/2014		1,000,000		1,060,642		1,139,697
32029GAB0	FFML ABS 07-FF2 A2A		3/25/2037		14,830		14,830		14,565
32052DAG6	FHAMS_06-FA8 CMO 06-FA8 1A7		2/25/2037		9,189,610		6,751,069		6,648,683
33736XAX7	FIRST UNION NAT BANK CMBS_00-C2 A2		10/15/2032		287,669		288,502		290,873
34529GAF2	FORDO_09-D ABS 09-D A3		10/15/2013		32,000,000		31,997,158		32,483,901
34529HAC7	FORDO ABS 09-E A3		1/15/2014		2,650,000		2,649,561		2,653,975
346604FJ5	FORSYTH CNTY GA SCH DIST MUNI BND GO		2/1/2020		1,430,000		1,372,876		1,557,384
349545C76	FORT ZUMWALT MO SCH DIST MUNI BND GO		3/1/2020		2,245,000		2,184,333		2,450,620
36158YDC0	GECMC CMBS_01-3 A1		6/10/2038		92,546		90,428		94,327
36158YEK1	GECMC CMBS_02-1A A2		12/10/2035		64,582		64,240		65,073
36158YFT1	GECCMC_02-2 CMBS 02-2A		8/11/2036		24,929,000		25,004,241		26,322,025
36159JBD2	GEMNT ABS 07-3 AI		6/15/2013		981,000		981,000		980,186
361849ZS4	GMACC CMBS_03-C3 A3		4/10/2040		500,000		492,950		510,459
361849ZT2	GMACC SENIOR CMBS 03-C3		4/10/2040		4,000,000		4,105,270		4,199,506
36186CBF9	GMAC LLC CORP BND GTD		12/19/2012		5,000,000		4,993,843		5,072,650
36206XC43	GNMA POOL # 424091		5/15/2031		2,767		2,866		3,096
3620A5MW6	GNMA POOL # 719573		9/15/2039		2,232,654		2,313,058		2,325,755
3620A8NA7	GNMA POOL # 722285		9/15/2039		1,790,926		1,855,422		1,865,608
3620A9SC6	GNMA POOL # 723315		9/15/2039		1,355,185		1,369,438		1,374,022
3620A9ST9	GNMA POOL # 723330		9/15/2039		2,967,553		3,073,273		3,091,300
3620A9SW2	GNMA POOL # 723333		9/15/2039		496,243		501,461		503,140
3620AC3E2	GNMA POOL # 726297		9/15/2039		979,044		1,007,932		1,019,871
3620AC3F9	GNMA POOL # 726298		9/15/2039		2,952,126		3,047,233		3,075,021
3620AC6K5	GNMA POOL # 726374		10/15/2039		986,470		1,027,604		1,027,536
3620AC6L3	GNMA POOL # 726375		10/15/2039		1,973,799		2,053,338		2,056,106
3620AC6S8	GNMA POOL # 726381		10/15/2039		988,221		1,030,961		1,029,430
3620AC6T6	GNMA POOL # 726382		10/15/2039		1,679,054		1,748,538		1,748,951
36212PPP1	GNMA POOL # 539630		4/15/2031		11,623		12,037		13,004
36212U5G2	GNMA POOL # 544547		5/15/2031		19,204		19,894		21,485
36213GCV1	GNMA POOL # 553684		4/15/2031		17,077		17,690		19,106
36213HGU7	GNMA POOL # 554711		3/15/2031		1,747		1,809		1,954
36225DM43	GNMA POOL # 081278		3/20/2035		13,133,743		12,464,652		13,228,258
36228CVQ3	GSMS CMBS_05-GG4 A3		7/10/2039		500,000		487,391		508,402
36241KV39	GNMA POOL # 782434		8/15/2038		11,288,009		10,572,715		11,444,912
36241KV47	GNMA POOL # 782435		9/15/2038		8,260,437		7,737,459		8,375,257
36241KWA2	GNMA POOL # 782441		10/15/2038		5,812,053		5,444,053		5,891,705
36295QK82	GNMA POOL # 677219		8/15/2038		4,258,688		4,115,575		4,435,286
36296JCV5	GNMA POOL # 692284		8/15/2039		1,964,364		2,027,043		2,046,278
36297CTE9	GNMA POOL # 708049		9/15/2039		441,611		457,514		460,026
36297CTF6	GNMA POOL # 708050		9/15/2039		186,950		193,683		194,746
36297CTG4	GNMA POOL # 708051		9/15/2039		638,535		661,530		665,162
36297FYL0	GNMA POOL # 710915		10/15/2039		99,310		100,509		100,690
36297FYT3	GNMA POOL # 710922		10/15/2039		296,630		308,947		309,000
36297FYU0	GNMA POOL # 710923		10/15/2039		794,147		825,875		827,263
36297KCC3	GNMA POOL # 713867		9/15/2039		2,568,875		2,661,386		2,675,997
363206AF0	GALE ABS 07-3A A2 144A		4/19/2021		10,000,000		8,726,428		9,120,450
365653GZ1	GARFIELD CNTY COLO SCH DIST NO MUNI BND GO		12/1/2020		1,610,000		1,542,643		1,735,306


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
36829KAC2	GESET ABS 09-1 A3 144A		7/15/2016		4,000,000		3,999,527		4,022,640
369550AK4	GENERAL DYNAMICS CORPORATION CORP BND		5/15/2013		1,250,000		1,194,511		1,325,714
369604BC6	GE CAPITAL CORP CORP BND		12/6/2017		8,750,000		8,638,368		9,180,091
36962G4C5	GE CAPITAL CORP CORP BND		5/13/2014		2,000,000		1,998,127		2,201,697
36962G4G6	GE CAPITAL CORP CORP BND		11/14/2014		850,000		846,865		856,758
36962G4H4	GE CAPITAL CORP CORP BND		1/8/2013		2,000,000		1,997,610		2,023,409
36962GYY4	GENERAL ELEC CAP CO CORP BND		6/15/2012		16,300,000		15,817,230		17,634,615
36967HAD9	GENERAL ELECTRIC CAPITAL CORPO CORP BND GOVT GUAR		12/9/2011		2,750,000		2,755,809		2,842,895
370334BG8	GENERAL MILLS INC. SENIOR CORP BND		8/15/2013		9,075,000		9,306,720		9,929,317
373334FN6	GEORGIA POWER COMPANY CORP BND		11/15/2012		1,250,000		1,246,831		1,359,967
377372AC1	GLAXOSK CAP INC CORP BND		5/15/2013		15,603,000		16,080,330		16,892,735
38141EA25	GOLDMAN SACHS GROUP INC CORP BND		2/15/2019		4,000,000		4,150,948		4,571,861
38141EA33	GOLDMAN SACHS GROUP INC CORP BND		5/1/2014		5,350,000		5,797,520		5,852,254
38373QGX3	GNMA AGENCY CMO 03-34-PM		4/20/2033		486,865		502,395		504,684
38376GDL1	GOV NATL MTGE ASSOC CMBS AGENCY		12/1/2049		10,986,188		10,963,897		10,872,810
38376TBF8	GNMA AGENCY CMO 10-12-DA		1/16/2040		501,362		518,675		509,685
38405JAD1	GMFM WHOLE CMO 06-1 A4 144A		11/20/2056		78,812		78,812		78,626
38405JCD9	GMFM ABS 07-1A 2A1 144A		11/20/2056		467,278		467,278		466,419
385244HG6	GRAND BLANC MICH CMNTY SCHS MUNI BND GO		5/1/2020		1,000,000		963,592		1,056,800
38741QAC0	GRAN ABS 03-2 1A3		7/20/2043		105,344		105,344		98,044
38741SAF9	GRAN ABS 04-3 2A1		9/20/2044		44,121		44,121		40,150
38741YBJ7	GRANM WHOLE CMO 06-1A 144A		12/20/2054		394,423		274,813		354,981
38741YCD9	GRANM ABS 06-3 A7		12/20/2054		32,322,082		22,793,085		28,928,264
38741YDB2	GRANM ABS 06-4 A4		12/20/2054		219,790		219,790		201,108
38741YDF3	GRANM ABS 07-1 2A1		12/20/2054		245,001		245,001		224,176
396789EM7	GCCFC SENIOR CMBS 03-C1 144A		7/5/2035		8,733,631		16,153		29,229
396789EQ8	GCCFC CMBS_03-C2 A2		1/5/2036		228,380		227,394		228,951
396789FH7	GCCFC SENIOR CMBS 03-C2 144A		1/5/2036		15,295,014		55,701		94,829
396789JS9	GCCFC CMBS_05-GG3 A3		8/10/2042		500,000		498,134		507,752
40411EAB4	BANK OF SCOTLAND PLC CORP BND 144A		2/21/2017		2,000,000		1,770,810		2,047,540
4041A0CL0	BANK OF SCOTLAND CORP BND 144A		6/11/2010		1,308,000		1,308,000		1,306,954
4041A0CN6	HBOS PLC CORP BND 144A		6/18/2010		621,000		621,000		620,503
40429CAA0	HOUSEHOLD FINANCE CORPORATION CORP BND		5/15/2011		18,000,000		18,260,953		18,938,252
40429CFQ0	HSBC FINANCE CORP SENIOR CORP BND		6/1/2011		33,260,000		33,381,708		34,700,301
40431HAJ6	HALO CMO 06-2 1A9		12/25/2036		6,265,674		1,478,870		2,223,688
406036EP4	HALL CNTY NEB SCH DIST NO 2 GR MUNI BND GO		12/15/2019		1,080,000		1,048,755		1,164,629
41161VAC4	HVMLT CMO_06-7 2A1A		9/19/2036		6,213,456		3,451,986		3,347,810
41162CAC5	HVMLT_06-10 WHOLE CMO_06-10 2A1A		11/19/2036		9,116,212		5,171,496		5,056,010
41162DAF6	HVMLT_06-12 CMO_06-12-2A2A		12/19/2036		8,020,072		4,329,896		4,651,641
41162NAC1	HVMLT 06-14-2A1A		2/19/2037		5,460,135		2,657,735		3,026,216
4140033N1	HARRIS CNTY TEX MUNI BND GO		8/15/2011		8,140,000		7,726,583		8,045,332
419791YH5	HAWAII ST MUNI BND GO		2/1/2016		2,575,000		2,588,246		2,573,017
41981VBQ0	HAWAII ST HSG & CMNTY DEV CORP MUNI BND REV		1/1/2033		305,000		254,230		310,539
425538AM7	HENNEPIN CNTY MINN FIRST LIEN MUNI BND REV		12/15/2019		1,560,000		1,538,806		1,792,331
42809HAA5	AMERADA HESS CORPORATION CORP BND		2/15/2014		1,000,000		997,917		1,134,926
428236AU7	HEWLETT-PACKARD COMPANY CORP BND		2/24/2012		27,550,000		27,542,090		28,974,362
428236AY9	HEWLETT-PACKARD COMPANY CORP BND		8/15/2012		750,000		749,896		772,125
429827AB4	HEF_10-401 ABS 04-1 A2 144A		1/1/2044		2,100,000		1,731,082		1,722,000
429827AE8	HIGHER EDUCATION FUNDING HEF_0 ABS 04-1 144A		1/1/2044		2,100,000		1,725,445		1,785,000
429827AF5	HEF_10-401 ABS 04-1 A6 144A		1/1/2044		2,100,000		1,728,516		1,722,000
429827AJ7	HIGHER EDUCATION FUNDING HEF_0 ABS 04-1 A9 144A		1/1/2044		2,100,000		1,730,364		1,722,000
429827AK4	HIGHER EDUCATION FUNDING HEF_0 SECURED ABS 04-1 144A		1/1/2044		2,300,000		1,898,866		1,886,000
429827AN8	HEF_04-1 ABS 04-1 A13 144A		1/1/2044		2,100,000		1,730,092		1,617,000
429827AQ1	HEF_04-1 ABS 04-1 A15 144A		1/1/2044		2,950,000		2,421,474		2,271,500
43641NAL8	HMI ABS 07-2A 2A1		7/15/2020		1,472,000		1,472,000		1,469,792
436440AA9	HOLOGIC, INC. CORP BND		12/15/2037		500,000		438,973		447,500
43812BAG8	HAROT_10-1 ABS 10-1-A3		10/21/2013		2,500,000		2,499,695		2,495,703
43812TAD6	HAROT ABS_08-1 A4		9/18/2014		6,250,000		6,037,308		6,596,875
43812WAC1	HONDA AUTO RECIEVABLES OWNER T ABS 09-3 A3		5/15/2013		1,750,000		1,749,795		1,775,716
438516AY2	HONEYWELL INTERNATIONAL INC CORP BND		2/15/2014		3,500,000		3,492,680		3,661,831
438670VP3	HONOLULU HAWAII CITY & CNTY MUNI BND GO		7/1/2010		1,485,000		1,484,649		1,494,771
438670VQ1	HONOLULU HAWAII CITY & CNTY MUNI BND GO		7/1/2010		515,000		514,878		517,915
440452AD2	HORMEL FOODS CORP CORP BND		6/1/2011		1,500,000		1,539,369		1,591,684
44107TAE6	HOST MARRIOTT LP CORP BND		4/15/2027		400,000		384,417		383,000


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
44914PAR8	HYPOTHEKENBANK IN ESSEN AG CORP BND 144A		1/20/2012		2,500,000		2,564,318		2,654,075
44920UAB4	HYUNDAI CAP SVC CORP BND 144A		5/5/2015		2,000,000		2,002,257		2,098,700
449670EQ7	IMC HOME EQUITY LOAN TRUST ABS 98-3		8/20/2029		238,912		240,447		231,243
45074GAA8	IBERDROLA FINANCE IRELAND LTD CORP BND 144A		9/11/2014		3,000,000		3,007,195		3,010,782
451055AB3	ICONIX BRAND GROUP INC SRSUB CORP BND CVT		6/30/2012		500,000		465,832		468,331
45138LAK9	IDAHO POWER COMPANY CORP BND		11/15/2012		1,750,000		1,704,832		1,847,475
4521518T3	ILLINOIS ST MUNI BND GO		1/1/2013		12,000,000		12,161,945		12,056,160
4521518V8	ILLINOIS ST MUNITAX BND GO		1/1/2015		12,620,000		12,648,384		12,719,950
452308AH2	ILLINOIS TOOL WORKS INC. CORP BND		4/1/2014		5,000,000		5,247,348		5,479,199
452308AJ8	NABORS INDUSTRIES INC CORP BND		4/1/2019		1,000,000		1,093,076		1,125,556
45324QAB2	ING BANK NV - (LT) GTD CORP BND 144A		2/9/2012		26,700,000		27,231,666		27,363,228
455057ER6	INDIANA ST FIN AUTH MUNI BND REV		2/1/2019		1,000,000		1,007,723		1,154,530
455141PZ8	IN TRANS FIN AUTH MUNI BND REV		12/1/2020		2,000,000		2,006,413		2,338,460
45660NQ24	INDX CMO 04-AR4 1A		8/25/2034		464,966		272,465		295,387
45668WAC1	INX CMO 07-FLX1 A-3		2/25/2037		5,000,000		489,363		683,000
4581X0BG2	INTER AMERICAN DEV BK CORP BND EMTN		9/17/2019		3,000,000		2,995,530		2,986,710
459200BA8	IBM CORP CORP BND		11/29/2012		20,000		19,935		21,610
459200GN5	IBM CORP CORP BND		10/15/2013		20,810,000		22,703,502		23,840,191
459200GR6	IBM CORP CORP BND		5/6/2013		3,900,000		3,897,194		3,925,651
46070MAA7	IMT CMO 02-1G A2		7/7/2034		21,256		21,256		20,619
46513EGV8	STATE OF ISRAEL GOVT BND		12/4/2023		13,165,000		14,034,929		14,134,470
46625HAJ9	JP MORGAN CHASE & CO CORP BND		2/1/2011		22,930,000		23,188,230		24,008,590
46625HHB9	JPMORGAN CHASE & CO CORP BND		5/1/2013		26,895,000		26,881,822		28,613,463
46625HHN3	JPMORGAN CHASE & CO CORP BND		6/1/2014		3,000,000		3,180,082		3,160,984
46625HHP8	JPMORGAN CHASE & CO SENIOR CORP BND		1/20/2015		3,000,000		3,007,211		3,018,128
46625YQR7	JPMCC CMBS_05-CB12 A4		9/12/2037		500,000		470,474		509,001
46625YSG9	JPMCC CMBS_05-LDP3 A4A		8/15/2042		400,000		374,761		405,061
46630GAA3	JPMMT WHOLE CMO 07-A1 1A1		7/25/2035		9,105,233		9,258,930		8,287,583
46630GAD7	JPMMT WHOLE CMO 07-A1 2A2		7/25/2035		3,402,021		3,448,209		3,178,508
46630GAN5	JPMMT_07-A1 WHOLE CMO 07-A1 4A2		7/25/2035		2,429,803		2,485,743		2,216,548
46630GAS4	JPMMT WHOLE CMO 07-A1 5A2		7/25/2035		9,422,373		9,330,996		8,812,745
468312DN0	JACKSON MICH PUB SCHS MUNI BND GO		5/1/2020		1,000,000		957,606		1,053,690
470355AC2	JAMES RIVER COAL CO CORP BND CVT 144A		12/1/2015		500,000		466,138		459,350
480772PN6	JORDAN UTAH SCH DIST MUNI BND GO		6/15/2010		900,000		901,837		906,444
481247AA2	JPMORGAN CHASE & CO-GTD CORP BND GOVT GUAR		12/1/2011		6,000,000		6,084,884		6,217,140
482474AA1	KKR FINANCIAL CLO LTD KKR_05-1 ABS 05-1A A1 144A		4/26/2017		1,000,000		906,085		922,500
48248CAA2	KKR FINANCIAL CLO LTD KKR_07-1 2007-1A A 144A		5/15/2021		12,619,306		11,432,336		11,483,569
48542KHX0	KANSAS ST DEV FIN AUTH REV MUNI BND REV		11/1/2020		2,000,000		1,901,341		2,166,060
48542KNH8	KANSAS ST DEV FIN AUTH REV MUNI BND REV		6/1/2012		500,000		512,540		537,035
49151EXA6	KENTUCKY ST PRP & BLDG COM MUNI BND REV		10/1/2017		565,000		561,791		633,015
493897AB8	KDRE ABS 07-1A A2 144A		12/10/2043		171,625		171,632		165,118
49474EWA7	KING CNTY WASH MUNI BND GO		1/1/2011		3,000,000		3,012,724		3,077,250
500635AB3	KOREA GAS CORP GOVT BND 144A		7/15/2014		675,000		670,061		734,150
50065LAA8	KOREA NATIONAL OIL CORP CORP BND 144A		7/30/2014		1,005,000		999,190		1,066,998
500769BM5	KREDITANSTALT FUER WIDERAUFBAU CORP BND		2/9/2016		900,000		929,715		915,934
500769DN1	KFW GROUP - (LT) GTD CORP BND		1/14/2013		10,000,000		9,989,686		10,034,601
508205GV7	LAKE COOK KANE AND MCHENRY CNT MUNI BND GO		12/1/2016		2,385,000		2,420,068		2,741,963
52108HMU5	LBUBS COMM MTG TR CMBS 02_C4 A5		9/15/2031		88,000,000		87,288,020		92,355,164
52108HRB2	LBUBS CMBS_03-C3 A3		5/15/2027		566,139		532,178		578,154
52108HUG7	LBUBS SENIOR CMBS_03-C5 XCP144A		4/15/2037		41,654,202		43,559		78,352
52108MAF0	LBUBS CMBS_05_C7 A4		11/15/2030		1,450,000		1,224,340		1,486,123
52205VAA3	LEASEPLAN CORPORATION NV - GTD CORP BND 144A		5/7/2012		19,200,000		19,196,325		19,794,242
525170BL9	LABS WHOLE CMO 03-1 A1		12/25/2033		14,831,396		13,762,732		14,696,986
52520MBY8	LMT_05-2 CMO 05-2 3A1		12/25/2035		4,094,556		2,468,277		2,582,027
525221FY8	LXS ABS_05-10 2A1		1/25/2036		263,077		254,934		231,081
525221HA8	LXS WHOLE CMO 06-2N		2/25/2046		5,114,338		2,155,006		2,702,812
52524GAA0	LXS_07-7N CMO 07-7N 1A1A		6/25/2047		12,713,164		7,422,551		6,678,225
52524HAJ9	LXS CMO07-4N 3A2A		3/25/2047		2,940,511		1,487,134		1,471,137
52524PAG7	LXS_07-16N ABS 07-6 3A1		5/25/2037		13,672,373		8,465,800		8,891,144
52524VAQ2	LXS_07-15N CMO 07-15N 4A1		8/25/2047		8,822,015		4,577,120		4,593,623
532457BD9	ELI LILLY AND COMPANY CORP BND		3/6/2012		15,175,000		15,164,850		15,786,543
53947MAB2	LLOYDS TSB BANK PLC CORP BND 144A		1/13/2020		11,000,000		10,974,797		10,691,093
542388AD5	LBART_06-A 06-A_A4		5/15/2013		16,968,343		17,126,310		17,189,398
55027XAA8	LUM_06-5WHOLE CMO 06-5 A1A		7/25/2036		7,967,743		3,771,173		4,205,375


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
5525V0AU0	MARSHALL & ILSLEY BANK SENIOR CORP BND MTN		6/16/2010		221,000		221,000		220,264
55262TFJ7	MBNAS ABS 00-E A		10/15/2012		100,000		100,134		100,782
55264TCA7	MBNAS ABS 03-A8 A8		12/17/2012		327,000		326,583		326,877
55265K5Q8	MASTR CMO_04-1 3A1		1/25/2034		1,163,618		1,128,566		1,153,239
55608JAB4	MACQUARIE BK LTD CORP BND 144A		8/13/2019		3,000,000		3,035,151		3,314,496
559080AA4	MAGELLAN MIDSTREAM PARTNERS LP SENIOR CORP BND		6/1/2014		15,550,000		15,080,200		17,053,363
563469EU5	MANITOBA PROVINCE LOCAL BND		12/3/2012		900,000		959,323		952,816
565849AG1	MARATHON OIL CORP CORP BND		2/15/2014		2,000,000		2,109,461		2,226,058
567505GY2	MARICOPA CNTY ARIZ UN HIGH SCH MUNI BND GO		7/1/2016		1,125,000		1,154,280		1,278,810
57164TAA6	MVCOT ABS_02-1A A1 144A		12/20/2024		113,228		113,228		109,178
57164XAA7	MVCOT 2009-2A ABS 2009-2A A 144A		7/20/2031		8,944,679		8,944,543		8,962,389
575296FP8	MASON OHIO CITY SCH DIST MUNI BND GO		12/1/2019		1,000,000		988,090		1,147,550
575579RS8	MASSACHUSETTS BAY TRANSN AUTH MUNI BND REV		7/1/2020		35,000		35,211		40,734
575579SL2	MASSACHUSETTS BAY TRANSN AUTH MUNI BND REV		7/1/2020		1,575,000		1,503,144		1,768,127
57582PDK3	MASSACHUSETTS ST MUNI BND GO		11/1/2018		2,000,000		1,471,669		1,833,040
57583PDB2	MASSACHUSETTS ST FED HWY MUNI BND REV		6/15/2011		3,250,000		3,296,269		3,370,218
576000AK9	MASSACHUSETTS ST SCH BLDG AUTH MUNI BND REV		8/15/2010		2,000,000		2,013,449		2,035,020
576000BE2	MASSACHUSETTS ST SCH BLDG AUTH MUNI BND REV		8/15/2022		2,000,000		1,876,893		2,137,100
576433QQ2	MARM_04-8 WHOLE CMO 04-8		9/25/2034		1,311,561		1,263,493		985,114
57643LLC8	MABS ABS 05-AB1 A4		11/25/2035		10,000,000		3,986,824		4,753,000
579780AD9	MCCORMICK & CO INC CORP BND		12/15/2015		1,500,000		1,454,223		1,610,100
582839AA4	MEAD JOHNSON NUTRITION CO CORP BND 144A		11/1/2014		2,000,000		2,000,302		2,001,548
58403GAB1	MEDL CMO 07-1G-A1		2/27/2039		450,444		450,444		435,113
585055AP1	MEDTRONIC INC CORP BND		3/15/2014		2,750,000		2,843,021		2,938,641
585907AM0	MELLON BANK N.A. CORP BND		12/15/2014		4,000,000		3,670,179		4,284,727
586158KZ9	MEMPHIS TENN ELEC SYS REV MUNI BND REV		12/1/2014		2,000,000		2,022,491		2,254,360
589331AP2	MERCK & CO INC CORP BND		6/30/2015		7,000,000		7,092,692		7,333,408
589331AR8	MERCK & CO INC CORP BND		6/30/2011		750,000		750,239		756,468
589929W53	MLMI WHOLE 03-A4		7/25/2033		222,075		222,130		213,236
59024KAX1	MLA_07-AF1 WHOLE CMO 07-AF1 AV1		6/25/2037		4,651,548		2,544,544		2,558,351
592179JG1	METLIFE INC SENIOR CORP BND 144A		4/10/2013		4,000,000		3,867,934		4,276,296
594918AB0	MICROSOFT CORPORATION CORP BND		6/1/2014		40,350,000		40,317,152		41,013,578
595620AD7	MIDAMERICAN ENERGY HOLDINGS CO CORP BND		10/1/2014		25,800,000		25,961,396		27,178,032
59562VAT4	MIDAMERICAN ENERGY HOLDINGS CO CORP BND		4/1/2018		2,000,000		1,856,786		2,106,620
602248AR7	MILWAUKEE CNTY WIS ARPT REV MUNI BND REV		12/1/2017		1,675,000		1,675,538		1,721,063
603827EJ1	MINN & ST PAUL MET ARPTS REV MUNI BND REV		1/1/2026		2,000,000		2,029,901		2,072,560
606072KP0	MISSOURI HIGHER ED LN AUTH STU MUNI BND GO		11/26/2032		15,000,000		14,989,471		15,087,204
615401JW7	MOON AREA SCH DIST PA MUNI BND GO		11/15/2018		1,360,000		1,343,528		1,477,830
617446V71	MORGAN STANLEY CORP BND MTN		8/28/2017		20,500,000		20,799,460		21,506,763
61744YAD0	MORGAN STANLEY CORP BND MTN		12/28/2017		7,000,000		7,184,438		7,202,235
61745M5G4	MSC CMBS_05-T19 A4A		6/12/2047		500,000		468,136		516,258
61745M6D0	MSC CMBS_05-HQ6 A2A		8/13/2042		500,000		505,745		502,175
61745ML27	MSC SENIOR CMBS 04-T15 A2		6/13/2041		1,954,019		1,968,238		1,969,989
61745ML43	MSC CMBS 04-T15 A4		6/13/2041		4,000,000		4,087,246		4,099,888
61746SBR9	MORGAN STANLEY CORP BND		10/15/2015		23,000,000		22,821,180		23,906,680
61747YCF0	MORGAN STANLEY CORP BND		5/13/2014		6,500,000		6,862,350		7,011,339
61750HAE6	MSC CMBS_06-HQ10 A4		11/12/2041		2,500,000		2,008,225		2,521,012
61757UAB6	MORGAN STANLEY CORP BND GOVT GUAR		12/1/2011		5,000,000		5,093,573		5,191,100
61757UAH3	MORGAN STANLEY-GTD CORP BND		6/20/2012		1,250,000		1,249,650		1,268,050
625574HL5	MULTNOMAH CNTY ORE SCH DIST NO MUNI BND GO		6/15/2018		500,000		490,887		564,860
62914AAB8	NIBC BANK NV - GTD CORP BND 144A		12/2/2014		45,200,000		45,107,555		44,972,645
635405AR4	NATIONAL CITY CORPORATION CORP BND		6/16/2010		500,000		485,445		499,430
637432LT0	NATIONAL RURAL UTILITIES SECURED CORP BND		9/16/2012		1,450,000		1,448,218		1,481,242
63866EBL3	NATIONWIDE LIFE GLOBAL FUNDING CORP BND 144A		10/2/2012		600,000		603,569		618,060
63968AQF5	NEBRASKA PUB PWR DIST MUNI BND REV		1/1/2014		6,500,000		6,500,000		6,853,405
64032EAA5	NELNET ABS 07-1 A1		11/27/2018		932,933		932,933		915,609
642866FT9	NEW BRUNSWICK PROVINCE OF LOCAL BND		2/4/2015		900,000		948,843		938,493
644682UL8	NEW HAMPSHIRE ST MUNI BND GO		6/1/2017		1,730,000		1,723,002		1,924,158
64468TRZ2	NEW HAMPSHIRE ST HSG FIN AUTH MUNI BND REV		7/1/2021		60,000		53,304		60,126
64953BAP3	NY LIFE GLOBAL FUND CORP BND 144A		5/9/2013		4,000,000		3,927,048		4,276,358
64983QWY1	NEW YORK ST DORM AUTH REVS NON MUNI BND REV		8/1/2018		2,000,000		1,979,885		2,224,940
650013T21	NEW YORK ST TWY AUTH MUNI BND REV		4/1/2019		2,000,000		1,936,628		2,176,080
650034X89	NEW YORK ST URBAN DEV CORP MUNI BND REV		3/15/2017		2,050,000		2,113,003		2,389,706
652482BG4	NEWS AMERICA INC CORP BND		12/15/2014		10,000,000		9,939,919		10,891,371


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
65364UAA4	NIAGARA MOHAWK POWER CORPORATI SENIOR CORP BND 144A		8/15/2019		2,000,000		2,012,007		1,991,808
65557CAA1	NORDEA BANK AB CORP BND 144A		11/13/2014		36,250,000		36,201,147		36,538,441
656491KZ9	NORRISTOWN PA AREA SCH DIST MUNI BND GO		9/1/2021		1,000,000		1,027,750		1,108,710
663903CA8	NORTHEAST OHIO REGL SWR DIST W MUNI BND REV		11/15/2016		1,900,000		1,941,832		2,181,314
665859AK0	NORTHERN TRUST COMPANY THE CORP BND		5/1/2014		1,000,000		1,020,531		1,055,642
66987EAA5	NOVAGOLD CORP BND CVT		5/1/2015		500,000		518,228		506,850
66989HAA6	NOVARTIS CAPITAL CORP CORP BND		2/10/2014		21,775,000		21,757,342		22,968,689
67021CAB3	NSTAR ELEC CO CORP BND		4/15/2014		5,000,000		5,276,667		5,342,046
674599BX2	OCCIDENTAL PETROLEUM CORP BND		6/1/2016		2,000,000		1,987,422		2,037,950
677520SW9	OHIO ST MUNI BND GO		11/1/2020		2,000,000		1,905,091		2,182,140
677632HM6	OHIO ST UNIV MUNI BND REV		6/1/2011		2,000,000		2,031,050		2,104,380
67766WGU0	OHIO ST WTR DEV AUTH MUNI BND REV		12/1/2019		1,970,000		1,974,450		2,295,897
680616PF0	OLENTANGY LOC SCH DIST OHIO MUNI BND GO		12/1/2017		2,000,000		2,006,319		2,250,640
681793T88	OMAHA PUB PWR DIST NEB ELEC RE MUNI BND REV		2/1/2018		2,000,000		1,969,508		2,193,220
683234WM6	ONTARIO PROVINCE LOCAL BND		3/8/2015		900,000		946,095		936,946
68389XAC9	ORACLE CORPORATION CORP BND		4/15/2018		4,000,000		3,807,218		4,380,554
68389XAD7	ORACLE CORPORATION SENIOR CORP BND		4/15/2013		6,675,000		7,028,436		7,246,512
68607VUM5	OREGON ST BRD HIGHER ED-SER A MUNI BND REV		4/1/2023		4,000,000		4,417,531		4,425,640
69331CAE8	PG&E CORPORATION CORP BND		4/1/2014		10,000,000		9,956,046		10,926,305
693476BH5	PNC FUNDING CORP CORP BND		2/8/2015		24,725,000		24,700,929		24,794,005
69373UAB3	PACCAR INC CORP BND		2/15/2012		4,000,000		3,997,331		4,337,184
694308GP6	PACIFIC GAS AND ELECTRIC CO SENIOR CORP BND		12/1/2013		13,000,000		12,927,190		14,707,029
69510WAA5	PCDO ABS 05-5A A1 144A		1/26/2020		7,651,489		6,903,966		7,085,883
695114BU1	PACIFICORP CORP BND		11/15/2011		1,000,000		1,007,861		1,085,763
699490AA6	BANQUE NATIONALE DE PARIBAS/NY CORP BND		7/22/2013		500,000		532,769		562,906
70336TAA2	PATRIOT COAL CORP CORP BND 144A		5/31/2013		500,000		425,483		426,850
705220AM3	PECO ENERGY TRANS TR ABS_01-A A1		12/31/2010		243,134		244,137		249,312
713448BK3	PEPSICO INC SENIOR CORP BND		3/1/2014		21,350,000		21,313,814		22,322,331
71645WAP6	PETROBRAS INTERNATIONAL FINANC CORP BND		1/20/2020		1,050,000		1,040,328		1,082,025
717081CZ4	PFIZER INC. CORP BND		3/15/2012		23,925,000		23,902,808		25,363,052
717081DA8	PFIZER INC. CORP BND		3/15/2015		7,750,000		8,327,517		8,541,046
71722TAF1	PHEAA_04-1 ABS_04-1-A2		4/25/2044		2,000,000		1,811,696		1,810,937
71722TAG9	PHEA_A04-1 ABS_04-1-A3		4/25/2044		6,000,000		5,433,446		5,432,813
718172AB5	PHILIP MORRIS INTERNATIONAL IN CORP BND		5/16/2013		25,875,000		25,964,679		27,847,868
718814CX2	PHOENIX ARIZ MUNI BND GO		7/1/2010		1,350,000		1,363,053		1,370,790
721799PX6	PIMA CNTY ARIZ UNI SCH DIST NO MUNI BND GO		7/1/2010		500,000		505,387		508,230
73755LAF4	POTASH CORPORATION OF SASKETCH CORP BND		5/15/2019		1,000,000		1,021,160		1,112,191
737679CW8	POTOMAC ELECTRIC POWER COMPANY CORP BND		11/15/2013		1,200,000		1,093,064		1,290,960
74005PAJ3	PRAXAIR INC. CORP BND		4/1/2012		1,000,000		1,012,218		1,095,161
742633PD6	PRIOR LAKE MINN INDPT SCH DIST MUNI BND GO		2/1/2020		1,195,000		1,165,137		1,280,371
742651DE9	PRIVATE EXPORT FUNDING CORP AGENCY BND		9/15/2017		44,100,000		44,027,844		48,467,667
742651DG4	PRIVATE EXPORT FUNDING CORP AGENCY BND		3/15/2019		20,000,000		19,904,859		19,700,400
742718DM8	PROCTER & GAMBLE COMPANY CORP BND		2/15/2015		3,000,000		2,989,657		3,072,776
743263AD7	PROGRESS ENERGY INC CORP BND		3/1/2011		10,700,000		10,922,060		11,215,481
743263AM7	PROGRESS ENERGY INC. CORP BND		3/15/2014		10,000,000		10,178,791		11,026,950
744448BU4	PUBLIC SERVICE COLORADO CORP BND		10/1/2012		8,770,000		9,419,784		10,037,500
744448CC3	PUBLIC SERVICE COLORADO CORP BND		6/1/2019		5,000,000		5,145,548		5,218,799
74451PAA1	PUB SERV NC INC CORP BND		2/15/2011		1,550,000		1,577,826		1,613,705
74727PAJ0	QATAR (STATE OF) CORP BND 144A		1/20/2015		2,800,000		2,796,484		2,851,800
748148RK1	QUEBEC PROVINCE OF LOCAL BND		10/1/2013		850,000		915,179		906,736
74958XAB0	RFMSI CMO 07-SA2 2A1		4/25/2037		7,691,928		5,068,332		5,628,953
75115YAA7	RALI_07-Q01 WHOLE CMO 07-Q01 A1		2/25/2037		1,888,690		853,749		1,001,005
75405UAE6	RAS LAFFAN LNG 3 SECURED CORP BND 144A		9/30/2012		825,000		824,847		865,928
758202AE5	REED ELSEVIER CAPITAL INC CORP BND		6/15/2010		1,750,000		1,745,204		1,750,700
758202AF2	REED ELSEVIER PLC CORP BND		1/15/2014		16,325,000		16,297,911		18,790,009
759136LA0	REGIONAL TRANSN DIST COLO MUNI BND REV		11/1/2017		1,550,000		1,550,014		1,717,571
75953MAD2	CENTERPOINT ENERGY TRANSITION ABS 01-1 A4		9/15/2015		7,120,993		7,390,612		7,692,382
76110H2P3	RES ASSET SEC WHOLE CMO 05-QA3		3/25/2035		2,396,320		2,058,720		1,488,115
76110HHG7	RFMSI_03-Q16 CMO 03-QS16 A1		8/25/2018		9,182,700		8,886,112		8,765,805
761118FG8	RALI CMO05-QA9 CB11		8/25/2035		4,413,205		2,500,083		2,669,346
761118QM3	RALI WHOLE CMO 05-QO5 A1		1/25/2046		469,221		211,028		254,703
771196AN2	ROCHE HOLDINGS INC CORP BND 144A		3/1/2012		29,000,000		28,900,124		30,707,702
771196AQ5	ROCHE HOLDINGS INC CORP BND 144A		3/1/2014		4,000,000		4,144,737		4,330,209
77509NAD5	ROGERS CABLE INC. CORP BND		5/1/2012		9,675,000		10,057,340		10,781,359


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
78011CAG1	ROYAL BK OF STLAND GRP PLC - ( CORP BND 144A		3/30/2012		5,000,000		4,997,861		5,002,650
780427KA7	ROYAL OAK CITY MICH SCH DIST MUNI BND GO		5/1/2019		2,000,000		1,920,737		2,174,820
7832434J4	RUTHERFORD CNTY TENN MUNI BND GO		6/1/2018		1,430,000		1,431,515		1,597,196
78387GAP8	AT&T INC CORP BND		9/15/2014		4,000,000		3,856,480		4,328,553
78442GHW9	SLMA ABS_03-10A A1A 144A		12/15/2016		22,350,000		22,290,983		22,334,831
78442GHZ2	SLMA ABS 03-10A A1D 144A		12/15/2016		5,000,000		5,000,000		4,996,607
78442GJA5	REP FHLP ABS_03-10A A1E 144A		12/15/2016		3,000,000		3,000,000		2,997,964
78442GJD9	REP FHLP ABS 03-10A A1H 144A		12/15/2016		54,650,000		54,095,743		54,612,915
78442GQR0	SLMA ABS_05-8 A4		1/25/2028		425,000		430,435		414,415
78443DAA0	SLMA ABS 07-A A1		9/15/2022		378,488		378,488		365,290
78443YAA4	SLMA ABS 07-3 A1		10/27/2014		99,696		99,696		99,661
78443YAB2	SLMA ABS 07-3 A2		10/25/2017		916,000		916,000		902,260
792228AD0	ST. MARY LAND & EXPLOR CO CORP BND		4/1/2027		500,000		499,313		500,000
79548CAB2	SBM7 CMBS_00-C3 A2		12/18/2033		234,235		235,694		236,463
795560AR2	SALT LAKE & SANDY UTAH MUNI BND REV		7/1/2020		1,820,000		1,728,624		1,933,896
802072KA5	SANTA FE N M GROSS RCPTS TAX MUNI BND REV		6/1/2019		2,000,000		1,923,795		2,103,380
803854JF6	SASKATCHEWAN PROVINCE		6/3/2014		900,000		967,230		965,321
806640PN2	SCHERTZ-CIBOLO-UNVL CITY TEX I MUNI BND GO		2/1/2020		2,025,000		1,928,248		2,166,892
806860AA0	SCHLUMBERGER TECH CORP CORP BND 144A		4/15/2012		1,150,000		1,216,494		1,243,836
809326AC5	SCOTLAND INTERNATIONAL FINANCE CORP BND 144A		8/15/2010		600,000		599,644		609,180
822582AF9	SHELL INTL FINAN CORP BND		3/21/2014		1,000,000		1,021,917		1,050,918
822582AG7	SHELL INTL FINAN SENIOR CORP BND		9/22/2011		1,250,000		1,249,963		1,255,918
826502AA4	SRFC ABS_07-1A A1 144A		3/20/2019		707,478		619,078		720,142
82651AAA5	SRFC ABS_07-2A A1 144A		9/20/2019		1,799,072		1,568,239		1,829,837
82651CAA1	SRFC ABS 09-1A A1 144A		12/22/2025		1,335,434		1,335,328		1,382,161
82651KAA3	SRFC ABS 09-2A 144A		8/20/2026		4,237,552		4,237,138		4,246,239
828807BZ9	SIMON PROPERTY GROUP L.P. CORP BND		5/30/2018		4,000,000		2,719,012		4,100,098
828807CB1	SIMON PROPERTY GROUP L.P. SENIOR CORP BND		5/15/2014		17,675,000		18,459,040		19,306,956
832110AK6	SMITH INTERNATIONAL INC. CORP BND		3/15/2014		2,000,000		1,994,551		2,358,414
833034AC5	SNAP-ON INCORPORATED CORP BND		8/15/2011		1,400,000		1,430,164		1,473,920
833656AE1	SOCIETE FINANCEMENT DE L ECONO CORP BND 144A		5/5/2014		6,000,000		6,024,665		6,208,140
837562KS5	SOUTH DAKOTA ST UNIV MUNI BND REV		4/1/2020		1,545,000		1,458,911		1,618,218
842434CA8	SOUTHERN CALIFORNIA GAS CO CORP BND		10/1/2012		700,000		681,912		752,005
842587CE5	SOUTHERN COMPANY CORP BND		5/15/2014		13,675,000		13,685,991		14,139,898
846042AA7	SOVEREIGN BANK - GTD CORP BND GOVT GUAR		1/17/2012		2,000,000		1,998,887		2,060,900
855030AJ1	STAPLES INC. CORP BND		1/15/2014		2,000,000		2,039,831		2,420,000
857477AE3	STATE STREET CORPORATION CORP BND		5/30/2014		1,750,000		1,748,613		1,827,124
85771SAA4	STATOIL ASA CORP BND		4/15/2019		6,000,000		6,055,471		6,251,684
85771SAB2	STATOIL ASA CORP BND		4/15/2014		16,000,000		15,994,372		16,614,460
863579J90	SARM CMO SARM 05-22 1A4		12/25/2035		9,945,000		3,101,016		3,684,867
863579KY3	SARM WHOLE CMO 05-1		2/25/2035		2,873,997		2,667,434		1,967,427
86359A5B5	SASC CMO 03-34A 3A3		11/25/2033		415,716		305,372		349,201
86359AH71	SASC CMO 03-24A 1A3		7/25/2033		619,816		477,664		543,950
86359BGD7	STRUCTURED ASSET SEC CORP WHOLE CMO 04-1		2/25/2034		195,850		188,508		160,499
86359BVE8	STRUCTURED ASSET SEC CORP WHOLE CMO 04-6		6/25/2034		10,809,868		10,305,148		9,512,684
86359LQM4	SAMI_06-AR1 CMO_05-AR7 4A1		3/25/2046		4,445,041		2,267,996		2,678,582
86364RAA7	SAMI_07-AR6 WHOLE CMO 07-AR6 A1		8/25/2047		17,203,002		6,974,705		9,268,977
864784BK8	SUFFOLK CNTY N Y WTR AUTH WTRW MUNI BND REV		6/1/2035		500,000		485,373		475,720
86959LAA1	SVENSKA HANDELSBANKEN AB CORP BND 144A		6/10/2014		4,000,000		3,990,706		4,221,360
87244EAC6	TIAA GLOBAL MARKETS CORP BND 144A		10/10/2012		3,000,000		3,153,889		3,239,274
87938WAJ2	TLEFONICA EMISNS CORP BND		1/15/2015		37,130,000		39,522,006		39,211,067
880557WZ2	TENNESSEE ST SCH BD AUTH MUNI BND REV		5/1/2013		400,000		400,805		401,424
88283LCS3	TEXAS TRANSN COMMN ST HWY FD MUNI BND REV		4/1/2022		2,000,000		1,885,803		2,158,280
88522AAC5	THORNBURG MORTGAGE SECURITIES CMO 06-4 A2B		7/25/2036		10,342,554		9,664,532		10,083,990
88732JAR9	TIME WARNER CABLE INC CORP BND		4/1/2014		1,500,000		1,727,897		1,730,558
88732JAS7	TIME WARNER CABLE INC CORP BND		4/1/2019		10,250,000		10,598,484		12,404,235
8935268Y2	TRANSCANADA PIPELINES LIMITED CORP BND		1/15/2019		4,000,000		4,554,019		4,680,321
893526CC5	TRANSCANADA PIPELINES LIMITED CORP BND		5/15/2012		11,675,000		12,515,893		13,317,932
89352HAA7	TRANS-CANADA PIPELINES CORP BND		6/15/2013		1,800,000		1,594,849		1,883,748
90331HKP7	U.S. BANK NATIONAL ASSOCIATION CORP BND		10/30/2014		2,750,000		2,774,173		2,946,061
90345AAA0	US CENTRAL CREDIT UNION - (LT) CORP BND GOVTGUAR		10/19/2011		27,200,000		27,188,924		27,331,105
90345AAC6	US CENTRAL CREDIT UNION - (LT) CORP BND GOVTGUAR		10/19/2012		15,500,000		15,491,534		15,634,385
90466GAB8	UNICREDITO LUXEM FIN CORP BND 144A		1/13/2017		21,750,000		21,750,000		21,515,478
904764AJ6	UNILEVER CAPITAL CORP CORP BND		2/15/2014		28,000,000		27,970,926		29,032,679


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
907818CV8	UNION PACIFIC CO CORP BND		1/15/2015		1,150,000		1,157,513		1,215,927
911312AL0	UNITED PARCEL SERVICE INC CORP BND		4/1/2014		3,450,000		3,443,799		3,623,982
91159HGR5	US BANCORP CORP BND		5/15/2014		3,700,000		3,742,845		3,876,548
91160HAA5	US BANCORP - (LT) GTD CORP BND		3/13/2012		4,100,000		4,099,677		4,189,380
912803AY9	UNITED STATES TREASURY STRIPS PO		11/15/2021		35,000,000		21,522,907		20,993,350
912803BJ1	UNITED STATES TREASURY STRIPS PO		11/15/2026		50,000,000		23,382,373		22,729,000
912810DW5	UNITED STATES TREASURY GOVT BND		5/15/2016		310,000		366,949		384,834
912810EZ7	UNITED STATES TREASURY GOVT BND		2/15/2027		2,475,000		3,056,725		3,111,149
912810FS2	UNITED STATES TREASURY GOVT IBND TIPS		1/15/2026		4,000,000		3,748,566		4,359,489
912810PS1	UNITED STATES TREASURY GOVT IBND TIPS		1/15/2027		6,900,000		7,295,288		7,748,796
912810QE1	UNITED STATES TREASURY GOVT BND		2/15/2040		100,000		98,103		98,555
9128276R8	UNITED STATES TREASURY GOVT IBND TIPS		1/15/2011		10,000,000		12,840,485		12,891,602
9128277L0	UNITED STATES TREASURY GOVT BND		2/15/2012		1,155,000		1,203,446		1,239,835
912828AJ9	UNITED STATES TREASURY GOVT BND		8/15/2012		500,000		514,076		537,280
912828AP5	UNITED STATES TREASURY GOVT BND		11/15/2012		2,465,000		2,605,336		2,634,346
912828BA7	UNITED STATES TREASURY GOVT BND		5/15/2013		7,565,000		8,030,124		8,026,617
912828BR0	UNITED STATES TREASURY GOVT BND		11/15/2013		335,000		351,572		362,872
912828CA6	UNITED STATES TREASURY GOVT BND		2/15/2014		990,000		1,067,141		1,063,983
912828CP3	UNITED STATES TREASURY GOVT IBND TIPS		7/15/2014		11,000,000		10,948,423		13,469,001
912828CT5	UNITED STATES TREASURY GOVT BND		8/15/2014		16,440,000		16,075,599		17,829,180
912828DM9	UNITED STATES TREASURY GOVT BND		2/15/2015		6,500,000		7,082,087		6,958,900
912828DV9	UNITED STATES TREASURY GOVT BND		5/15/2015		36,695,000		39,582,831		39,464,004
912828EA4	UNITED STATES TREASURY GOVT IBND TIPS		7/15/2015		5,800,000		6,334,436		6,852,031
912828EE6	UNITED STATES TREASURY GOVT BND		8/15/2015		1,000,000		1,108,013		1,079,730
912828EM8	UNITED STATES TREASURY GOVT BND		11/15/2010		1,700,000		1,699,806		1,744,353
912828EN6	UNITED STATES TREASURY GOVT BND		11/15/2015		250,000		290,764		273,180
912828EW6	UNITED STATES TREASURY GOVT BND		2/15/2016		1,000,000		1,123,176		1,089,680
912828FA3	UNITED STATES TREASURY GOVT BND		3/31/2011		1,090,000		1,132,055		1,136,412
912828FB1	UNITED STATES TREASURY GOVT IBND TIPS		4/15/2011		10,000,000		11,224,577		11,271,803
912828FL9	UNITED STATES TREASURY GOVT IBND TIPS		7/15/2016		19,100,000		22,428,215		22,424,436
912828FN5	UNITED STATES TREASURY GOVT BND		7/31/2011		4,500,000		4,679,656		4,754,610
912828FY1	UNITED STATES TREASURY GOVT BND		11/15/2016		5,235,000		5,532,585		5,710,756
912828GA2	UNITED STATES TREASURY GOVT BND		11/30/2011		1,050,000		1,107,511		1,114,134
912828GC8	UNITED STATES TREASURY GOVT BND		12/31/2011		500,000		522,255		532,560
912828GM6	UNITED STATES TREASURY GOVT BND		3/31/2012		1,025,000		1,089,960		1,095,961
912828GX2	UNITED STATES TREASURY GOVT BND TIPS		7/15/2017		19,400,000		22,410,043		22,333,078
912828HA1	UNITED STATES TREASURY GOVT BND		8/15/2017		9,000,000		9,504,614		9,843,119
912828HC7	UNITED STATES TREASURY GOVT BND		8/31/2012		1,000,000		1,066,683		1,068,750
912828HH6	UNITED STATES TREASURY GOVT BND		11/15/2017		1,000,000		1,105,358		1,057,880
912828HN3	UNITED STATES TREASURY GOVT IBND TIPS		1/15/2018		3,000,000		3,095,289		3,177,617
912828HT0	UNITED STATES TREASURY GOVT BND		2/28/2013		5,000,000		5,178,374		5,174,750
912828HV5	UNITED STATES TREASURY GOVT BND		3/31/2013		22,600,000		23,327,520		23,221,048
912828HY9	UNITED STATES TREASURY GOVT BND		4/30/2013		1,200,000		1,254,302		1,254,516
912828JF8	UNITED STATES TREASURY GOVT BND		7/31/2010		5,000,000		5,020,687		5,042,750
912828JH4	UNITED STATES TREASURY GOVT BND		8/15/2018		197,600,000		203,658,637		203,528,000
912828JK7	UNITED STATES TREASURY GOVT BND		8/31/2013		1,525,000		1,594,310		1,591,353
912828JQ4	UNITED STATES TREASURY GOVT BND		10/31/2013		1,500,000		1,499,469		1,543,500
912828JR2	UNITED STATES TREASURY GOVT BND		11/15/2018		26,800,000		27,320,191		27,002,609
912828JT8	UNITED STATES TREASURY GOVT BND		11/30/2013		12,000,000		12,108,002		12,021,840
912828JX9	UNITED STATES TREASURY GOVT IBND		1/15/2019		1,000,000		1,078,887		1,065,718
912828JZ4	UNITED STATES TREASURY GOVT BND		1/31/2014		6,000,000		5,975,369		5,932,020
912828KB5	UNITED STATES TREASURY GOVT BND		1/15/2012		1,500,000		1,504,078		1,505,520
912828KD1	UNITED STATES TREASURY GOVT BND		2/15/2019		123,500,000		115,928,918		114,622,815
912828KN9	UNITED STATES TREASURY GOVT BND		4/30/2014		750,000		746,216		740,940
912828KT6	UNITED STATES TREASURY GOVT BND		3/31/2016		49,000,000		47,797,398		47,405,541
912828KY5	UNITED STATES TREASURY GOVT BND		6/30/2014		191,995,000		193,582,163		194,848,046
912828LJ7	UNITED STATES TREASURY GOVT BND		8/15/2019		9,365,000		9,317,399		9,250,279
912828LL2	UNITED STATES TREASURY GOVT BND		8/31/2016		17,200,000		17,208,712		17,075,816
912828LQ1	UNITED STATES TREASURY GOVT BND		9/30/2014		1,700,000		1,699,966		1,700,476
912828LZ1	UNITED STATES TREASURY GOVT BND		11/30/2014		150,000,000		148,972,431		148,015,503
912828MA5	UNITED STATES TREASURY GOVT BND		11/30/2016		122,000,000		120,241,231		118,645,001
912828MB3	UNITED STATES TREASURY GOVT BND		12/15/2012		21,500,000		21,231,696		21,313,811
912828MD9	UNITED STATES TREASURY GOVT BND		12/31/2016		100,000,000		100,055,225		100,140,999
912828ME7	UNITED STATES TREASURY GOVT BND		12/31/2014		75,000,000		75,603,908		75,541,500


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
912828MG2	UNITED STATES TREASURY GOVT BND		1/15/2013		5,000,000		4,963,826		4,983,600
912828MJ6	UNITED STATES TREASURY GOVT BND		1/31/2012		5,250,000		5,256,954		5,243,752
912828MK3	UNITED STATES TREASURY GOVT BND		1/31/2017		103,000,000		103,139,670		102,275,907
912828MM9	UNITED STATES TREASURY GOVT BND		11/30/2011		27,600,000		27,603,177		27,561,912
912828MN7	UNITED STATES TREASURY GOVT BND		2/15/2013		63,300,000		63,333,534		63,005,020
912828MP2	UNITED STATES TREASURY GOVT BND		2/15/2020		5,400,000		5,409,886		5,307,174
912828MR8	UNITED STATES TREASURY GOVT BND		2/28/2015		127,100,000		127,297,752		126,206,483
912828MS6	UNITED STATES TREASURY GOVT BND		2/28/2017		1,400,000		1,373,812		1,378,146
912828MT4	UNITED STATES TREASURY GOVT BND		3/15/2013		7,500,000		7,439,391		7,455,750
912828MW7	UNITED STATES TREASURY GOVT BND		3/31/2015		1,900,000		1,888,806		1,894,585
912833JY7	UNITED STATES TREASURY PO		5/15/2012		600,000		549,057		588,018
914119HX3	UNIVERSITY CINCINNATI OHIO MUNI BND REV		6/1/2018		2,015,000		1,945,460		2,152,363
914437PF9	UNIVERSITY MASS BLDG AUTH MUNI BND REV		11/1/2019		1,530,000		1,459,349		1,635,264
915506KJ7	UPPER ARLINGTON OHIO CITY SCH MUNI BND GO		12/1/2021		1,250,000		1,180,911		1,336,425
91913YAQ3	VALERO ENERGY CORPORATION CORP BND		2/1/2015		325,000		324,163		324,133
92343VAN4	VERIZON COMMUNICATIONS INC. SENIOR CORP BND		4/15/2013		4,000,000		3,919,799		4,359,134
92344SAJ9	CELLCO PARTNERSHIP/VERIZON WIR CORP BND		11/15/2013		4,550,000		4,856,380		5,273,987
92344SAP5	CELLCO PARTNERSHIP/VERIZON WIR CORP BND		2/1/2014		6,150,000		6,119,176		6,732,037
92344SAT7	CELLCO PARTNERSHIP/VERIZON WIR CORP BND		5/20/2011		8,275,000		8,271,319		8,500,351
92553PAE2	VIACOM INC SENIOR CORP BND		9/15/2014		1,500,000		1,508,806		1,551,117
927749DT5	VIRGINIA BEACH VA MUNI BND REV		10/1/2019		1,735,000		1,693,348		1,908,396
92817LEM1	VIRGINIA ST RES AUTH CLEAN WTR MUNI BND REV		10/1/2010		2,000,000		2,020,883		2,045,820
92817LFB4	VIRGINIA ST RES AUTH CLEAN WTR MUNI BND REV		10/1/2020		2,500,000		2,549,920		2,994,550
92857WAP5	VODAFONE GROUP PLC CORP BND		2/27/2017		25,000,000		27,012,908		26,674,770
92867AAD8	VALET ABS 07-1 A4		7/22/2013		98,398		98,398		98,379
92922F4M7	WASHINGTON MUTUAL CMO 2005-AR13 A1A1		10/25/2045		1,383,843		765,238		1,065,559
92922F4P0	WAMU CMO_05-AR13 A1A3		10/25/2045		6,814,603		3,687,005		5,247,244
92922F7P7	WASHINGTON MUTUAL CMO 2005-AR17 A1A1		12/25/2045		9,752,166		5,788,024		7,801,733
92922FB49	WASHINGTON MUTUAL CMO 04-A13-A1A		11/25/2034		448,763		244,598		306,071
92922FR75	WASHINGTON MUTUAL CMO 2005-AR8 2A1A		7/25/2045		6,522,327		4,980,819		4,970,937
92922FZF8	WAMU_04-A12 CMO 2004-A12 A2A		10/25/2044		8,447,527		4,748,718		5,706,877
92925DAB6	WAMU CMO_06-AR17 1A1A		12/25/2046		4,086,459		1,935,330		2,451,467
92927BAA0	WAMU_07-OA6 CMO 07-OA6 1A		7/25/2047		23,791,225		11,682,117		14,070,131
92933WAA6	WEA FINANCE LLC/WT FINANCE AUS CORP BND 144A		9/2/2015		3,000,000		2,973,243		3,162,068
9297664Q3	WBCMT CMBS 05_C20 A7		7/15/2042		500,000		472,523		516,691
92976WBJ4	WACHOVIA CORPORATION SENIOR CORP BND		5/1/2013		5,000,000		5,304,823		5,406,754
929903DT6	WACHOVIA CORPORATION CORP BND		6/15/2017		55,300,000		57,463,162		58,170,409
931142CN1	WAL-MART STORES INC CORP BND		2/3/2014		4,000,000		3,985,655		4,071,062
931142CQ4	WAL-MART STORES INC CORP BND		5/15/2014		29,800,000		29,796,652		30,586,836
93363RAA4	EAST PACES FERRY LLC CMO 06-AR13_1A		10/25/2046		9,808,895		5,151,202		5,910,840
938234MJ7	WASHINGTON CNTY ORE MUNI BND GO		6/1/2020		1,035,000		990,878		1,150,972
93936RAA2	WAL CMO_07-OA5 A1A		5/25/2047		9,503,685		4,656,154		4,975,179
93974A7Q1	WASHINGTON STATE MUNI BND GO		1/1/2020		2,000,000		1,915,172		2,154,640
93974BP97	WASHINGTON STATE MUNI BND GO		7/1/2030		4,600,000		4,857,309		4,848,262
949746NJ6	WELLS FARGO & COMPANY CORP BND		8/26/2011		6,000,000		6,006,032		6,325,920
94974BEP1	WELLS FARGO & COMPANY CORP BND		1/24/2011		1,177,000		1,176,090		1,183,273
94974BET3	WELLS FARGO & COMPANY CORP BND		10/1/2014		1,750,000		1,750,068		1,770,900
949781AA6	WFMBS WHOLE CMO 05-AR1		2/25/2035		4,223,735		4,173,162		3,843,599
94981QAA6	WFMBS WHOLE CMO 05-AR16		10/25/2035		662,225		543,162		638,253
94982BAG5	WFMBS WHOLE CMO 05-AR8 3A2		6/25/2035		6,238,713		6,316,487		5,947,365
961214BH5	WESTPAC BANKING SENIOR CORP BND		2/27/2015		41,775,000		41,736,520		42,870,733
967338KS2	WICHITA KANS MUNI BND REV		10/1/2010		2,000,000		2,018,112		2,043,340
971567KU5	WILMINGTON DEL MUNI BND GO		6/1/2017		1,000,000		998,931		1,140,980
98235TAA5	WRIGHT MEDICAL GRP INC. CORP BND		12/1/2014		500,000		438,539		441,850
983024AA8	WYETH CORP BND		3/15/2013		5,000,000		5,323,379		5,472,579
98385XAT3	XTO ENERGY INC. CORP BND		12/15/2018		18,375,000		18,335,008		21,232,265
98458PAB1	YALE UNIVERSITY MUNI BND		10/15/2014		1,400,000		1,397,320		1,411,215
BRS9MDU39	MEDTRONIC INC CORP BND		3/15/2015		2,900,000		2,899,741		2,885,471
BRS9R2CU8	FHLMC AGENCY CMO 3653-KN		4/1/2040		5,000,000		5,132,422		5,132,500
D20658YB6	GOVERNMENT OF GERMANY GOVT BND		7/4/2014		17,800,000		27,874,589		26,370,141
D4085B7F2	KREDITANSTALT FUER WIDERAUFBAU CORP BND		5/28/2013		42,000,000		42,359,565		42,696,359
G0501WAD8	ARRAN ABS 05-B A1		12/15/2012		240,000		240,000		237,360
G92444AB7	UK CONV GILT GOVT BND		3/7/2011		1,750,000		3,396,796		2,743,503
G92450NU8	UNITED KINGDOM GOVT BND		9/7/2014		8,950,000		16,300,361		15,013,980


		Allied World Assurance Company Holdings, Ltd.
		Fixed Income Securities Listing as at March 31, 2010


Security ID	Description	Maturity Date		Par		Book Value $		Fair Value $
U45818RF7	INTER-AMERICAN DEV BK SENIOR CORP BND EMTN		3/24/2015		23,000,000		19,276,285		21,022,230
U45942EV4	INTERNATIONAL FINANCE CO SENIOR CORP BND MTN		5/20/2011		5,500,000		5,527,021		5,799,750
V05973JU3	AFRICAN DEVELOPMENT BANK SENIOR CORP BND MTN		2/27/2014		20,000,000		16,622,281		18,637,579
W5194CEC3	KOMMUNINVEST CORP BND		7/3/2012		50,000,000		54,090,231		54,247,006
Y0338TDY5	ASIAN DEVELOPMENT BANK CORP BND MTN		12/10/2014		10,000,000		8,297,361		9,162,300
Y0338TGD8	ASIAN DEVELOPMENT BANK SENIOR CORP BND MTN		5/22/2015		27,700,000		22,592,346		24,630,009

Grand Total					7,287,274,632		6,896,717,888		7,095,933,057


		Allied World Assurance Company Holdings, Ltd.
		Common & Preferred Stock Listing as at March 31, 2010


Security ID	Description	Par		Fair Value $
00163T109	AMB PROPERTY CORP		17,000		463,080
018802108	ALLIANT ENERGY CORP		15,600		518,856
024835100	AMERICAN CAMPUS COMMUNITIES		13,600		376,176
03761U106	APOLLO INVESTMENT CORPORATION		20,100		255,873
03836W103	AQUA AMERICA INC		22,400		393,568
053484101	AVALONBAY COMMUNITIES INC		4,600		397,210
126132109	CNOOC LTD		3,200		528,256
16941M109	CHINA MOBILE LIMITED		10,300		495,636
17133Q106	CHUNGHWA TELECOM CO LTD		13,200		256,476
B67C8W8	CRESCENT POINT ENERGY CORP		9,900		379,824
253868103	DIGITAL REALTY TRUST INC		4,600		249,320
29250X103	ENBRIDGE ENERGY MANAGEMENT LLC		7,500		382,875
30161N101	EXELON CORP		11,600		508,196
313400657	FHLMC Preferred		160,000		160,000
B29NF31	FRANCO-NEVADA CORPORATION		19,300		518,383
478160104	JOHNSON & JOHNSON		5,900		384,680
49455U100	KINDER MORGAN MGMT LLC		6,600		386,892
595017104	MICROCHIP TECHNOLOGY INC		17,800		501,248
636274300	NATIONAL GRID PLC NEW		10,700		521,625
646025106	NEW JERSEY RESOURCES CORP		13,600		510,816
649445103	NEW YORK COMMUNITY BANCORP INC		23,000		380,420
654445303	NINTENDO CO LTD-ADR NEW		9,800		410,346
655844108	NORFOLK SOUTHERN CORP		8,000		447,120
664397106	NORTHEAST UTILITIES		13,000		359,320
67019E107	NSTAR		10,200		361,284
69331C108	PG&E CORP		5,900		250,278
718172109	PHILIP MORRIS INTERNATIONAL		9,800		511,168
718252604	PHILIPPINE LONG DISTANCE		9,100		484,848
737630103	POTLATCH CORPORATION		10,000		350,400
743263105	PROGRESS ENERGY INC		9,800		385,728
754907103	RAYONIER INC		11,200		508,816
780287108	ROYAL GOLD INC		8,200		378,922
847560109	SPECTRA ENERGY CORP		22,600		509,178
872375100	TECO ENERGY INC		24,100		382,949
89151E109	TOTAL S.A.		6,600		382,932
904784709	UNILEVER N V		17,000		512,720
911312106	UNITED PARCEL SVC INC CL B		6,000		386,460
91912F201	VALE CAP II		1,600		144,992
962166104	WEYERHAEUSER CO		8,600		389,322
98156Q108	WORLD WRESTLING ENTERTAINMENT		29,000		501,700
98389B100	XCEL ENERGY INC		12,000		254,400
G16962204	BUNGE LIMITED		4,000		355,000
G5299G106	KNIGHTSBRIDGE TANKERS LTD		8,000		135,520
2901844	BONAVISTA ENERGY TRUST		21,700		499,428
2052247	ARC ENERGY TRUST		17,400		351,584
2061834	CANADIAN OIL SANDS TR NEW		17,800		534,237
6349268	FOSTERS GROUP LTD		94,000		418,917
B18TLR9	CAMBRIDGE INDUSTRIAL TRUST		757,000		180,096
B0TLGM7	GZI REAL ESTATE INVESTMENT		783,000		332,775
6563875	ASCENDAS REAL ESTATE		367,700		504,978

Total Equity Securities					19,794,828

Allied World Assurance Co Holdings, AG - FORM 8-K - EX-99.3 - May 6, 2010

Attached files

Allied World Assurance Co Holdings, AG Reports