Alleghany News

Alleghany Expects $288M Sandy Loss; Assurant Estimates $200M Loss

Alleghany Corporation said this week its preliminary estimate of after-tax loss related to Sandy — net of reinsurance and reinstatement premiums — would be approximately $288 million. Alleghany said this estimate reflects a consolidated pre-tax loss estimate, net of reinsurance …

Alleghany and Transatlantic Complete Merger

Global specialty insurer Alleghany Corporation and reinsurer Transatlantic Holdings announced this week the completion of their previously announced merger. With the closing of the transaction, Transatlantic is now an independent stand-alone subsidiary of Alleghany. Alleghany CEO Weston Hicks commented on …

Alleghany, Transatlantic Shareholders Approve Merger Agreement

Alleghany Corp. said its stockholders voted on Monday to approve the previously announced merger agreement with Transatlantic Holdings. Under the deal, as described in the merger agreement between Alleghany and Transatlantic last November, Transatlantic will be acquired and become an …

Transatlantic Agrees to be Acquired by Alleghany for $3.4B

Transatlantic Holdings Inc., a reinsurer which has been at the center of a buyout battle, has now agreed to be acquired by Alleghany Corp. The cash-and-stock deal is valued at around $3.4 billion. The announced deal could finally put to …

Alleghany Posts $19.2M Q3 Profit, Down 48% From Last Year

Alleghany Corp. reported $19.2 million in third-quarter net earnings, down 48 percent from one year ago when the company had $36.6 million in earnings. The company’s result reflects the decrease in pre-tax net earnings at Alleghany Insurance Holdings LLC (AIHL), …