Alleghany
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The companies will likely “benefit from the vast financial resources and financial flexibility,” the agency said after the completion of the merger deal with Berkshire Hathaway. -
The completion of the deal comes after last week the companies received all regulatory approvals.
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Berkshire Hathaway and Alleghany have received regulatory approvals to close the $11.6bn deal announced earlier this year.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Specialty Underwriting head Adam Sills is promoted to president and CEO.
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The New York-based insurance conglomerate recorded a loss ratio of 60.6%, 0.3 points down from the previous year, while its core LR improved 0.9 points to 60.8%.
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More than 98% of votes cast supported the acquisition.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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TransRe booked Q1 $35mn cat losses associated with the ongoing conflict between Russia and Ukraine.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The firm’s reinsurance heavy business mix, investments, and slowing value creation likely kept buyers away.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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