NEW YORK, Jan. 3, 2022 /PRNewswire/ -- Alleghany
Corporation (NYSE: Y) today confirmed that President Joseph P. Brandon assumed the additional role of
Chief Executive Officer and was appointed to the Board of Directors
effective December 31, 2021,
consistent with the company's previously announced succession plan.
Mr. Brandon succeeds Weston M.
Hicks.
Mr. Brandon joined Alleghany as Executive Vice President in
March 2012 and has served as
President since April 2021. Prior to
his roles with Alleghany, Mr. Brandon served as Chairman and Chief
Executive Officer of General Re Corporation, a wholly-owned
subsidiary of Berkshire Hathaway Inc., from 2001 to 2008.
Mr. Hicks retired as Chief Executive Officer and as a Director
of Alleghany on December 31, 2021.
The Board of Directors is grateful to Mr. Hicks for his many
contributions to Alleghany over the past two decades.
About Alleghany Corporation
Alleghany Corporation owns and supports operating subsidiaries
and manages investments, anchored by a core position in property
and casualty reinsurance and insurance. Alleghany's property and
casualty subsidiaries include: Transatlantic Holdings, Inc., a
leading global reinsurer; RSUI Group, Inc., which underwrites
wholesale specialty insurance coverages; and CapSpecialty, Inc., an
underwriter of specialty casualty and surety insurance coverages.
Alleghany's subsidiary Alleghany Capital Corporation owns and
supports a diverse portfolio of eight non-financial businesses.
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SOURCE Alleghany Corporation