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Alleghany Corporation (Y)

429.21 Down 0.92(0.21%) Sep 19, 4:05PM EDT
|After Hours : 429.20 Down 0.01 (0.00%) Sep 19, 4:41PM EDT
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Alleghany Corporation
7 Times Square Tower
New York, NY 10036
United States - Map
Phone: 212-752-1356

Index Membership:N/A
Industry:Property & Casualty Insurance
Full Time Employees:1,985

Business Summary 

Alleghany Corporation, together with its subsidiaries, provides various insurance services in the United States. The company operates in two segments, Reinsurance and Insurance. The Reinsurance segment provides property insurance comprising fire, allied lines, auto physical damage, and homeowners’ insurance services. This segment also offers casualty and other insurance that include liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit insurance services. It distributes its products through brokers and directly to insurance and reinsurance companies. The Insurance segment underwrites specialty insurance coverages in the property, umbrella/excess liability, general liability, directors’ and officer’s liability, and professional liability. It also writes surety products, such as commercial surety bonds and contract surety bonds; and workers’ compensation insurance, as well as provides bonds in the construction segment. This segment offers its products through approximately 128 independent insurance brokers and 28 managing general insurance agents. The company also manufactures and remanufactures/retrofits precision machine tools and supplies replacement parts; explores and produces oil deposits; and manufactures custom trailers and truck bodies for moving and storage industry, and other markets. In addition, it owns and manages various properties comprising improved and unimproved commercial land, and residential lots, which include approximately 320 acres of property in California. Alleghany Corporation was founded in 1929 and is based in New York, New York.

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Corporate Governance 
Alleghany Corporation’s ISS Governance QuickScore as of Sep 1, 2014 is 6. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 6; Compensation: 9.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Weston M. Hicks CFA, 57
Chief Exec. Officer, Pres and Director
Mr. John L. Sennott Jr., CPA, 48
Chief Financial Officer and Sr. VP
Mr. Jerry G. Borrelli , 48
Chief Accounting Officer and VP of Fin.
Mr. Christopher K. Dalrymple Esq., 46
Sr. VP, Gen. Counsel and Sec.
Mr. Roger B. Gorham , 51
Head of Fixed Income, Sr. VP and Treasurer
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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