Alleghany Corporation(Y)- NYSE
  • May 20, 2015, 12:58 PM
    • Alleghany (Y +2.5%) pops on a report that the company is considering a sale of its Transatlantic Holdings reinsurance unit in a deal that could value TransRe at ~$6.5B.
    • Alleghany reportedly is working with investment bankers to respond to takeover interest in TransRe from at least one other company, although it has not decided whether to actually sell the business.
    • TransRe was acquired by Alleghany in 2012 for $3.5B.
    | May 20, 2015, 12:58 PM
  • Feb. 3, 2015, 1:46 PM
    | Feb. 3, 2015, 1:46 PM
  • Nov. 21, 2011, 8:12 AM

    As expected, Alleghany (Y) confirms it will buy reinsurer Transatlantic (TRH +4.7%) for $3.4B in cash and stock, or $59.79/share. That's a 10% premium on TRH's Friday close. The deal theoretically ends a long process involving a series of suitors for TRH, although it's already called off an M&A with Allied World. (previous) (PR)

    | Nov. 21, 2011, 8:12 AM
Company Description
Alleghany Corp. engages in the provision of property, casualty reinsurance, insurance and financial services. It operates its through the Reinsurance and Insurance segments. The Reinsurance segment consists of property and casualty and other reinsurance operations. The Insurance segment consists... More
Sector: Financial
Industry: Property & Casualty Insurance
Country: United States