Alleghany Corporation

Alleghany Corporation, is a holding company of the railroad entrepreneurs actually an investment holding company created by Oris and Mantis Van Swering the railway for their interests. It was founded in 1929 and has been joined again in 1984 in Delaware.

After the Great Depression of the company's bankruptcy, the company controlled by Robert Ralph Young and fell into the hands Kirby Allan Price. Young Van Sweringens financed and Vanderbilt was able to defeat the interests of a 1954 proxy fight for them, and the New York Central Railroad J.P. the company used as a tool in his vendetta against Morgan banking interests. failed to negotiate and then briefly for the New York Central Young, NYC management role with his protégé Alfred posthumously E. was accepted by Perlman Young after being forced to dividends suspended in January 1958 suicide was worse. so these challenging economic times, although successful NYC to facilitate the process of merger with other railroads financial stability was seen as the only possible way. NYC likely suitor was the former arch-rival Pennsylvania Railroad. In the early 1960s, the New York Central in 1963 Saunders, including the most recent, by a successful purchase through expansion and mergers later led Norfolk and Western Railway was conducted by Stuart T. Saunders, Pennsylvania Railroad (PRR), with merger negotiations Virginian Railway , Nickel Plate Road and Wabash Railway. NYC-PRI combination will lead to success was a great hope. Penn Central Transportation Company, was formed by the merger on February 1, 1968, however, the ICC system chronically weak New Haven Railroad forced financial weakness lies in both the old railway along with the fact that Penn Central bankruptcy and sentenced to 21 June, was announced shortly after a little over 2 years Penn Central in 1970 many of the railroad assets in 1976, mainly in the railway business participation in the recent Penn Central railroad bankruptcies Alleghany founded CONRAIL ended.

Chairman of the Company's remaining investment in rail and CEO John J. Burns, between 1995 and 2004, Burlington Northern Santa Fe Corporation led mission board.

Now Alleghany Corporation, insurance (property, casualty, surety and fidelity insurance) focus. until his death in February 2011, the son of Fred M. Kirby 2 Kirby Allen, chairman and members of the Forbes 400 list of richest Americans was a sometimes.

Current portfolio

Alleghany's current portfolio includes:

Transatlantic Re, a reinsurer obtained in 2011
RSUs, the insurer acquired in 2003
Capitol Insurance Companies, an insurance purchased in 2002
pacificcomp, an insurer acquired in 2007
Alleghany Properties, a real estate company

In 2002, John Burns to join Alleghany, Weston Hicks, Chubb Corporation CFO job. Weston is a small group of her property and casualty insurance is anchored to a core position of operating businesses and investments, ownership and management focus to achieve the Alleghany target had extensive experience an excellent candidate held on the insurance industry. In 2003, under the direction of Weston, Alleghany RSUs, a specialized agency of the acquired wholesale policy and the policy has generated $ 1 billion in profits it has turned into an integrated insurance company. In 2003, Weston Darwin Professional Underwriters, directed the private property and casualty insurance company to be established. Darwin has experienced tremendous growth and Alleghany pacificcomp in 2007 to buy California workers' compensation company had a successful IPO in 2006. In 2012, Weston transr to, he directed the acquisition of a leading international reinsurance organization.

Weston (now known as Roundwood Asset Management) Alleghany Capital Partners LLC, the company that manages the public equity portfolio and Alleghany Capital Corporation's growth, the investment group overseeing a subsidiary engaged in private investment in high potential companies manage the establishment in 2007. Alleghany today is a company that operates a continuous and adequate resources to support long-term capital for potential acquisitions and investments.

Goal: "Our aim is property and casualty and reinsurance subsidiaries operating insuranc anchored to a core position partnerships and investments, to create value with the owner and managere.