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TransRe announces the resignation of Mike Sapnar, President and CEO, effective April 30, 2021, to pursue another opportunity. Ken Brandt, Co-President of Global Underwriting, will succeed him. Under Sapnar's leadership since 2012, TransRe achieved $849 million in underwriting profits and maintained a 97.5% combined ratio over nine years. Brandt has been with TransRe for 15 years and aims to continue building on this success. Paul Bonny becomes Executive Vice Chairman, reinforcing the leadership transition.
Alleghany Corporation (NYSE:Y) announced the retirement of CEO Weston M. Hicks at year-end 2021. Joseph P. Brandon will succeed him, assuming the role of CEO and joining the Board of Directors. Brandon, currently Executive Vice President, will take on the CEO role on April 23, 2021. Kerry J. Jacobs will become Executive Vice President, succeeding Brandon while retaining her CFO position until a replacement is found. Under Hicks' leadership, stockholders' equity grew from $1.4 billion in 2002 to approximately $8.8 billion at year-end 2020.
Alleghany Corporation (NYSE:Y) announced its financial results for Q4 and full year 2020, highlighting its comprehensive approach to reinsurance and insurance through subsidiaries like Transatlantic Holdings and RSUI Group. The results are viewable on its website and SEC filings. This announcement emphasizes Alleghany's strategic position in managing investments and subsidiary operations focused on property and casualty markets.
Alleghany Corporation (NYSE:Y) will announce its financial results for Q4 and the full year of 2020 after market close on February 23, 2021. Alongside the results, the company will also publish its financial supplement on its website, www.alleghany.com. The corporation focuses on property and casualty reinsurance and insurance, with subsidiaries including Transatlantic Holdings, RSUI Group, and CapSpecialty, as well as Alleghany Capital Corporation, which manages a diverse portfolio of non-financial businesses.
Alleghany Corporation (NYSE: Y) announced the exit from its investment in Stranded Oil Resources Corporation (SORC), effective December 31, 2020. This decision reflects a strategic move to streamline operations amid challenging market conditions in the upstream oil and gas sector. CEO Weston Hicks expressed gratitude to SORC's team for their efforts during this time. Alleghany is primarily focused on property and casualty reinsurance and insurance, managing various subsidiaries in these fields.
On November 3, 2020, Alleghany Corporation (NYSE:Y) disclosed its financial results for Q3 2020, ending September 30. The company continues to create value through its property and casualty reinsurance and insurance operations alongside a diverse investment strategy. Key subsidiaries include Transatlantic Holdings, which specializes in global reinsurance, RSUI Group, focused on specialty insurance, and CapSpecialty, which provides commercial insurance. Comprehensive financial details are accessible via Alleghany's website and the SEC.
Alleghany Corporation (NYSE:Y) has announced a change in the timing of its RSUI Group, Inc. virtual investor meeting to 10:30 a.m. ET on November 6, 2020, concluding at approximately 12:30 p.m. ET. This adjustment was made to accommodate scheduling conflicts with an industry event. The meeting will feature an in-depth presentation on RSUI and remarks on Alleghany's Q3 2020 results. Interested parties can register for the live webcast via alleghany.com, with a replay available for 90 days.
Alleghany Corporation (NYSE:Y) will host a virtual investor meeting for RSUI Group, Inc. on November 6, 2020, from 9:00 a.m. to 11:00 a.m. Eastern Time. The meeting will feature presentations on RSUI's operations and Alleghany's third quarter results, with Weston M. Hicks and David E. Leonard among the speakers. Interested parties can register on Alleghany's website, and a replay will be accessible for 90 days after the event. RSUI is a prominent underwriter of wholesale specialty insurance, headquartered in Atlanta, Georgia.
Alleghany Corporation (NYSE:Y) will release its third-quarter 2020 financial results on November 3, 2020, after market close. The results will be accompanied by a financial supplement available on the company's website at www.alleghany.com. Alleghany Corporation focuses on creating value through its subsidiaries and investments, primarily in property and casualty reinsurance and insurance. Its key subsidiaries include Transatlantic Holdings, RSUI Group, and CapSpecialty.
Alleghany Corporation (NYSE: Y) announced that President and CEO Weston M. Hicks will participate in a virtual fireside chat at the Keefe, Bruyette & Woods Insurance Conference on September 10th at 1:00 p.m. Eastern Time. The session can be accessed via a live audio webcast on Alleghany's website, with a replay available for 90 days post-event. Alleghany Corporation focuses on property and casualty reinsurance and insurance through its subsidiaries, including Transatlantic Holdings and RSUI Group.
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