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BRIEF-Allied World sees loss from drought and Hurricane Issac

Oct 3 (Reuters) - Allied World Assurance Company Holdings Ltd :

* Comments on expected third quarter 2012 crop and catastrophe losses

* To record about $40 million of crop reinsurance related losses and loss

expenses in Q3

* Sees to record $5 million-$10 million in losses and loss expenses in Q3 for

hurricane isaac

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

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