ALLEGHANY

CORPORATION
HISTORY
 1929-1937

 Shaker Heights - Cleveland

 Railroad business

Otis and Mantis Van Sweringen

 Alleghany-Super Holding Company - Y

 1937-1958

 Expand the company’s railroad holdings with a bid for

the New York Central in 1946

 Acquiring 91% of the voting stock in Investors

Diversified Services (“IDS”), the world’s largest mutual
funds group

 1930- Great Depression

Robert Young
 1936- Death of Both Brothers

 Robert Young and Allan Kirby purchased the company

 1960-1970

As CEO, Allan believed IDS was a more valuable

investment than the railroads, and began selling off
these interests. During his tenure, the market value
of Alleghany’s interest in IDS increased, and for the
first time ever, the company began paying
dividends.
Allan Kirby
 1967-1992

 Small, highly-qualified management team

 Let subsidiaries run their own businesses

F.M. Kirby II  Selling Alleghany’s largest asset, IDS, to American

Express in 1984 and using the proceeds to make
Alleghany a major player in insurance
 1992-2004

Philosophy that still guides Alleghany today: “Shun

investment fads and fashions in favor of investing in basic
financial and industrial enterprises that offer long-term
value to the investor.” 

John Burns
 2004-PRESENT

Goal: “Our objective is to create value through

owning and managing operating subsidiaries and
investments, anchored by a core position in
property and casualty reinsurance and insurance.”

Weston Hicks
 OPERATING COMPANIES

• Transatlantic Holdings, Inc. - Leading global reinsurer headquartered in New

York
• Offeres: the capacity, expertise and creativity necessary to structure programs across the full spectrum
TransRe of property and casualty risks, through its principal subsidiaries Transatlantic Reinsurance Company,
TransRe London Limited and TransRe Zurich Ltd.

• RSUI Group, Inc. (“RSUI”) is a leading underwriter of wholesale specialty

insurance based in Atlanta, Georgia
• RSUI works with insurance wholesalers to provide a wide range of insurance products, including:
RSUI property, casualty, professional liability and directors and officers liability coverage.  

• CapSpecialty underwrites a full inventory of specialty lines, including

commercial property, casualty, fidelity, surety and professional lines with a
focus on small business 
CapSpecialt • CapSpecialty’s mission is to be the prefered specialty insurance company for small and midsized
y businesses in the U.S.
 • Pacific Compensation Insurance Company provides workers’ compensation insurance
coverage exclusively through independent insurance brokers for California companies. 
• PacificComp takes a proactive approach to every aspect of workers’ compensation, from innovative underwriting
PacificComp solutions to rigorous loss prevention and claims management.

• Alleghany Capital Corporation engages in and overseas strategic investments and

acquisitions.
• Stranded Oil Resources Corporation, an exploration and production company focused on enhanced oil recovery,
ACC headquartered in Austin, Texas; Bourn & Koch, Inc., a manufacturer and remanufacturer/retrofitter of precision
machine tools and supplier of replacement parts, headquartered in Rockford, Illinois;

• Roundwood Asset Management LLC (“Roundwood”) is responsible for managing

public equities for Alleghany’s insurance subsidiaries. Current assets under
Roundwood
management exceed $2.2 billion.

• Headquartered in Sacramento, California, Alleghany Properties Holdings LLC

(“Alleghany Properties”) owns and manages properties in Sacramento, California.
Alleghany These properties include primarily improved and unimproved commercial land, as
Properties well as residential lots
 FINANCIAL POSITION

• VALUATION

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