UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934*
(Amendment No. 3)*

Allied World Assurance Company Holdings, Ltd.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

G0219G203

(CUSIP Number)

12/31/09

(Date of Event Which Requires filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed.

     o Rule 13d-1(b)

     o Rule 13d-1(c)

     þ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. G0219G203  Page 2  of  5   Pages

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) The Chubb Corporation 13-2595722
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
	(a)   o
	(b)   o
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	New Jersey
		5	SOLE VOTING POWER
NUMBER OF			2,000,000
SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			0
EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			2,000,000
WITH		8	SHARED DISPOSITIVE POWER
			0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	2,000,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
	o
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
	3.9% of common shares.
12	TYPE OF REPORTING PERSON*
	HC

CUSIP No. G0219G203  Page 3  of  5   Pages

ITEM 1(a).	Name of Issuer:
	Allied World Assurance Company Holdings, Ltd.
ITEM 1(b).	Address of Issuer’s Principal Executive Offices:
	27 Richmond Road Pembroke HM 08 Bermuda
ITEM 2(a).	Name of Person Filing:
	The Chubb Corporation
ITEM 2(b).	Address of Principal Business Office:
	15 Mountain View Road Warren, NJ 07059
ITEM 2(c).	Citizenship:
	New Jersey, U.S.
ITEM 2(d).	Title of Class of Securities:
	Common Shares
ITEM 2(e).	CUSIP Number:
	G0219G203
ITEM 3.	If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:
	Not applicable.
ITEM 4.	Ownership.
	(a) through (c). Certain information requested hereunder is set forth under Items 5 through 9 and Item 11 of the cover page to this Schedule 13G. All of the common shares shown as beneficially owned by the reporting person are issuable upon exercise of the warrant held by the reporting person.
ITEM 5.	Ownership of Five Percent or Less of a Class.
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to the beneficial owner of more than five percent of the class of securities, check the following þ.
ITEM 6.	Ownership of More than Five Percent on Behalf of Another Person.
	Not Applicable.

CUSIP No. G0219G203  Page 4  of  5   Pages

ITEM 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
	Not Applicable.
ITEM 8.	Identification and Classification of Members of the Group.
	Not Applicable.
ITEM 9.	Notice of Dissolution of Group.
	Not Applicable.
ITEM 10.	Certification
	Note applicable.

CUSIP No. G0219G203  Page 5  of  5   Pages

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 11, 2010

THE CHUBB CORPORATION
/s/ W. Andrew Macan
Name:	W. Andrew Macan
Title:	Vice President and Secretary