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Alleghany Corporation (Y)

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Alleghany Corporation

1411 Broadway
34th Floor
New York, NY 10018
United States
212-752-1356
http://www.alleghany.com

SectorFinancial
IndustryProperty & Casualty Insurance
Full Time Employees3,420

Key Executives

NameTitlePayExercisedAge
Mr. Weston M. Hicks CFAChief Exec. Officer, Pres and DirectorN/AN/A60
Mr. John L. Sennott Jr., CPAChief Financial Officer and Sr. VPN/AN/A51
Mr. Christopher K. Dalrymple Esq.Sr. VP, Gen. Counsel and Sec.N/AN/A49
Mr. Roger B. GorhamHead of Fixed Income, Sr. VP and TreasurerN/AN/A54
Mr. Joseph Patrick BrandonExec. VPN/AN/A58
Amounts are as of December 31, 2016 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.

Description

Alleghany Corporation, together with its subsidiaries, provides property and casualty reinsurance and insurance products in the United States and internationally. The company operates through two segments, Reinsurance and Insurance. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeowners’ multiple peril; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit. It distributes its products and services through brokers, as well as directly to insurance and reinsurance companies. The Insurance segment underwrites specialty insurance coverages in the property, as well as umbrella/excess, general, directors’ and officers’, and professional liability lines; and surety products comprising commercial surety bonds and contract surety bonds, as well as workers’ compensation insurance. This segment distributes its products through approximately independent wholesale insurance brokers, and retail and general insurance agents. The company also explores for and produces oil and gas; manufactures and remanufactures/retrofits precision machine tools and supplies of replacement parts; manufactures custom trailers and truck bodies for moving and storage industry, and other markets; and provides technical services for pharmaceutical and biotechnology industries, as well as toy and consumer electronics. In addition, it owns and manages improved and unimproved commercial land, as well as residential lots. As of December 31, 2016, the company owned approximately 314 acres of property. Alleghany Corporation was founded in 1929 and is based in New York, New York.

Corporate Governance

Alleghany Corporation’s ISS Governance QualityScore as of August 1, 2017 is 3. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 7; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.