Profits soar at Alleghany as it reveals TransRe cat reduction drive
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Profits soar at Alleghany as it reveals TransRe cat reduction drive

Giovanna Bellotti Azevedo
February 23, 2022
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The underwriting profit at Alleghany soared to $205mn in the fourth quarter, a many-fold increase on the 2020 result of $16.5mn, as both TransRe and the firm’s insurance operations benefited from a more benign cat environment.

TransRe surged to a $176.8mn underwriting profit, up 58.3% from last year, excluding catastrophe and pandemic related losses. Catastrophe losses in the fourth quarter and full year of 2021 were $47mn and $545mn, respectively.

The

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NewsResultsAlleghanyTransRe
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Giovanna Bellotti Azevedo
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