Alleghany Corp. News
Dealmaking 101: When Opportunity Comes, You Move, Buffett Says
When opportunity comes, you have to move. That was one of the simple life lessons that Warren Buffett imparted during the six-hour-plus annual meeting of Berkshire Hathaway shareholders on Saturday. ...
Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6B Deal for Alleghany
At least one shareholder of Alleghany Corp. is unhappy with the insurer's agreement to be bought by Warren Buffett's Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court ...
How Warren Buffett Does a Deal: Alleghany Merger Backstory
Berkshire Hathaway didn't require Alleghany to pay any breakup fee in the event another potential acquirer topped an $11.6 billion deal price that Warren Buffett offered to CEO Joseph Brandon in ...
Berkshire Hathaway to Acquire Alleghany for $11.6B
Berkshire Hathaway announced it will acquire Alleghany Corporation for $11.6 billion. Berkshire will acquire all outstanding Alleghany shares for $848.02 per share in cash in a transaction that was ...
Alleghany Corp. CEO Hicks to Retire; Brandon Will Replace Him
Alleghany Corp. has triggered a changing of the guard, with a new CEO slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty ...
Sennott Named as CapSpecialty’s New Leader; Sills to Retire
CapSpecialty appointed long-time Board member Jack Sennott to be its new chairman, president and CEO. With Sennott's ascent, Stephen Sills, Cap Specialty's head of Professional Liability and Small ...
Insurance Holding Company Alleghany Is Selling PacificComp to CopperPoint Mutual for $150M
Alleghany Corp. will sell off workers compensation carrier Pacific Compensation Insurance Company (PacificComp) to a rival for $150 million in cash. Arizona-based CopperPoint Mutual Insurance Company ...Sills Taking Capitol Insurance Reins; Pauly Announces Plan To Retire
Capitol Insurance Companies announced Tuesday that its chairman and chief executive officer, David F. Pauly, intends to retire effective Dec. 31, 2013. In advance of his retirement, Pauly will step ...