Alleghany Corporation http://www.alacrastore.com/company-snapshot/Alleghany_Corporation-505122 Monday, October 13, 2008 12:27:13 PM 505122 Alleghany Corporation en AlacraStore RSS Builder 1.0 30 US - Allied World Assurance Co Holdings Ltd definitively agreed to acquire all the outstanding common stock of Darwin Professional Underwriters Inc, a provider of professional liability coverage services, from Alleghany Insurance Holdings LLC, a unit of Alleghany Corp, for $## in cash per share, or a total value of $###.### mil. The transaction was subject to customary closing conditions, shareholder and regulatory approval.7/1/2008 11:37:41 AM01959E23750201959E017175Allied World Assurance Co Holdings LtdDarwin Professional Underwriters IncAllied World Assurance Co Holdings LtdAlleghany Corphttp://www.alacrastore.com/storecontent/Thomson_M%26A/Allied_World_Assur_Co_Hldgs_acquires_Darwin_Professional_from_Alleghany_Corp-1991943020sdc/19919430201991943020Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkInsuranceBermudaFire, marine, and casualty insurance6331FFForeignPublicAHW6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insurance6311:Life insurance6321:Accidental and health insurance6331:Fire, marine, and casualty insurance6351:Surety insuranceWillkie Farr & GallagherNew YorkInsuranceUnited StatesFire, marine, and casualty insurance6331CTConnecticutPublicDR775251003Ins companyPvd liability ins svcsCashCash OnlyCommon Stock937274002Jul 1 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000US31 Mar 080.000008.24200486.352000.000001451.492008240.27200U.S. Dollar0.000001.000002.000003.000004.000005.000006.000007.000008.000009.00000Allied World Assurance CoHoldings Ltd, located inPembroke, Bermuda, is aninsurance company for alllines of property and casualtyinsurance and reinsurance. Italso has offices in the UnitedStates and Europe. The companywas founded in 2001.Allied World Assurance Co Holdings Ltd, located in Pembroke,Bermuda, is an insurance company for all lines of propertyand casualty insurance and reinsurance. It also has officesin the United States and Europe. The company was founded in2001.Allied World Assurance Co Holdings Ltd, located in Pembroke, Bermuda, is an insurance company for all lines of property and casualty insurance and reinsurance. It also has offices in the United States and Europe. The company was founded in 2001.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.00000Darwin ProfessionalUnderwriters Inc, located inFarmington, Connecticut, is aprovider of professionalliability coverage services toa number of customer groups,including health carefacilities, doctors, insuranceagents, and technologyproviders. Its three mainproduct lines are errors andomissions (E&O) liabilityinsurance, medical malpracticeinsurance, and directors andofficers (D&O) liabilityinsurance. It sells policiesboth on an admitted basis(through Darwin NationalAssurance) and a surplus linesbasis (through Darwin Select)in most parts of the US. Thecompany was founded in 2003.Darwin Professional Underwriters Inc, located in Farmington,Connecticut, is a provider of professional liabilitycoverage services to a number of customer groups, includinghealth care facilities, doctors, insurance agents, andtechnology providers. Its three main product lines areerrors and omissions (E&O) liability insurance, medicalmalpractice insurance, and directors and officers (D&O)liability insurance. It sells policies both on an admittedbasis (through Darwin National Assurance) and a surpluslines basis (through Darwin Select) in most parts of the US.The company was founded in 2003.Darwin Professional Underwriters Inc, located in Farmington, Connecticut, is a provider of professional liability coverage services to a number of customer groups, including health care facilities, doctors, insurance agents, and technology providers. Its three main product lines are errors and omissions (E&O) liability insurance, medical malpractice insurance, and directors and officers (D&O) liability insurance. It sells policies both on an admitted basis (through Darwin National Assurance) and a surplus lines basis (through Darwin Select) in most parts of the US. The company was founded in 2003.0.000000.000000.0000017.01000YU.S. Dollar30 Jun 08Mon, 30 Jun 2008 00:00:00 ESTDate Announced: 06/30/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.0000032.00000Price/Share0.00000544.225 U.S. Dollar544.22500544.22500544.225 U.S. Dollar544.225000.000000.0000032.0000032.00000544.22500544.225 U.S. Dollar1.00000N272.863000.000000.000000.000000.000000.00000544.22500544.225000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.00000US - Allied World Assurance CoHoldings Ltd definitivelyagreed to acquire all theoutstanding common stock ofDarwin ProfessionalUnderwriters Inc, a providerof professional liabilitycoverage services, fromAlleghany Insurance HoldingsLLC, a unit of Alleghany Corp,for $32 in cash per share, ora total value of $544.225 mil.The transaction was subject tocustomary closing conditions,shareholder and regulatoryapproval.US - Allied World Assurance Co Holdings Ltd definitively agreed to acquire all the outstanding common stock of Darwin Professional Underwriters Inc, a provider of professional liability coverage services, from Alleghany Insurance Holdings LLC, a unit of Alleghany Corp, for $32 in cash per share, or a total value of $544.225 mil. The transaction was subject to customary closing conditions, shareholder and regulatory approval.US - Allied World Assurance Co Holdings Ltd definitively agreed to acquire all theoutstanding common stock of Darwin Professional Underwriters Inc, a provider ofprofessional liability coverage services, from Alleghany Insurance Holdings LLC, a unit ofAlleghany Corp, for $32 in cash per share, or a total value of $544.225 mil. Thetransaction was subject to customary closing conditions, shareholder and regulatoryapproval.US - Allied World Assurance Co Holdings Ltd definitively agreed to acquire all the outstanding common stock of Darwin Professional Underwriters Inc, a provider of professional liability coverageservices, from Alleghany Insurance Holdings LLC, a unit of Alleghany Corp, for $32 in cash per share, or a total value of $544.225 mil. The transaction was subject to customary closing conditions,shareholder and regulatory approval.US - Allied World Assurance Co Holdings Ltd definitively agreed to acquire all the outstanding common stock of Darwin ProfessionalUnderwriters Inc, a provider of professional liability coverage services, from Alleghany Insurance Holdings LLC, a unit of AlleghanyCorp, for $32 in cash per share, or a total value of $544.225 mil. The transaction was subject to customary closing conditions,shareholder and regulatory approval.UBS Investment Bank1.00000$ 544.225 - UBS Investment Bank - Adv0.00000Pending2258.99400486.352001451.492008240.272000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000006282:Investment advice6331:Fire, marine, and casualty insurance775251003New YorkBermuda6331ForeignPublicAHW6331:Fire, marine, and casualty insurance6815002New YorkUnited States6331New YorkPublicY544.22500544.22500544.22500272.86300Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PBC_106361moodys/PBC_106361pdf...Alleghany Corporation (NYSE: Y or Alleghany ) is a holding company that owns a group of operating companies which focu ses primarily on specialty property and casualty insurance. Its principal financial objective is to grow book value per share at double-digit rates without employing excessive amounts of financial leverage at the parent company. The insurance subsidiaries are directly and indirectly owned by Alleghany Insurance Holdings LLC ( AIHL ), an intermediate holding company. These insurance operations were pieced together from acquisitions or start-ups in the last five years. Each insurance business operates with its own management team, autonomous from one another, and the operat ions do not share common branding or platforms. The most significant insu rance operation by revenue is the RSUI Group, Inc. ( RSUI ) which ranks among the ten largest commercial property insurers and surplus lines carriers in the United States. Alleghany also holds some real estate... Company Profile3/30/2008 9:40:57 PMAlleghany Corporation22600550.0000SpecialReportpdfAlleghany CorporationPBC_106361Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/633886spcred/633886normThe latest News from S&P3/4/2008 6:38:28 PMNews100global633886United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceNewsNEW YORK (Standard&Poor's) March 4, 2008--Standard&Poor's Ratings Services said today that it lowered its counterparty credit rating on Alleghany Corp. (Alleghany) by one notch to 'BBB' from 'BBB+'. Standard&Poor's also said that the outlook on Alleghany is stable. "We lowered the rating because we believe Alleghany increasingly resembles a traditional insurance holding company," explained Standard&Poor's credit analyst John Iten. "This reduces the justification for nonstandard notching under our group methodology for financial services companies." With the sale of World Minerals Inc. in 2005, the company's primary operating subsidiaries were all in the property/casualty insurance segment. Since then, Alleghany has steadily increased its concentration in the property/casualty business. Normally, insurance holding company ratingsUSA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYNEWSGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/633887spcred/633887normThe latest Research Update from S&P3/4/2008 6:38:28 PMResearch Update175pubfinglobal633887United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersPublic FinanceInsuranceResearch UpdateOn March 4, 2008, Standard&Poor's Ratings Services lowered its counterparty credit rating on Alleghany Corp. (Alleghany) by one notch to 'BBB' from 'BBB+'. The outlook is stable. We lowered the rating because we believe Alleghany increasingly resembles a traditional insurance holding company, which reduces the justification for nonstandard notching under our group methodology for financial services companies. With the sale of World Minerals Inc. in 2005, the company's primary operating subsidiaries were all in the property/casualty insurance segment. Since then, Alleghany has steadily increased its concentration in the property/casualty business. In 2006, Alleghany established AIHL Re LLC, a captive reinsurance subsidiary, to provide reinsurance to its primary insurance subsidiaries. It capitalized this company with a $100 million contribution.USA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYRESUPDUSA40301040 403010 4030 40RSUI Indemnity Co.111813USA3349ZGLOBISSPUBFININSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_22600moodys/COP_22600htmlGlobal Credit Research Credit Opinion ## AUG #### Credit Opinion: Alleghany Corporation Alleghany Corporation New York, New York, United States Ratings Category Moody's Rating Rating Outlook STA LT Issuer Rating Baa# Landmark American...1/4/2008 1:43:00 AMhtmlAlleghany CorporationAlleghany Corporation22600150.0000NewsCredit OpinionCOP_22600Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/617033spcred/617033normThe latest Summary from S&P12/3/2007 6:38:59 PMSummary175global617033United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceSummaryThe counterparty credit rating on Alleghany Corp. (Alleghany) reflects the company's diversified business strategy of owning noninsurance-related strategic investments and four semiautonomous insurance subsidiaries, good competitive position in specialty insurance lines, strong operating performance, strong financial flexibility, and low financial leverage. Partially offsetting these factors are the high catastrophe exposure of Alleghany's largest subsidiary, RSUI Group Inc. (RSUI), and RSUI's reliance on reinsurance. Alleghany is diversified through its strategic noninsurance investments at the holding company and its insurance subsidiaries. This diversification strategy is a strength that allows for a rating that is only one notch below the rating on its largest insurance subsidiary, RSUI. More commonly, holding company ratings are three notches below that of the insurance subsidiaries, so AlleghanyUSA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/617025spcred/617025normThe latest Full Report from S&P12/3/2007 6:38:58 PMFull Report400global617025United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceFull ReportDiversified profile in noninsurance strategic investments and insurance subsidiaries. Good competitive position in specialty lines. Strong operating performance. Strong financial flexibility. Conservative financial leverage. High level of catastrophe exposures. RSUI Group Inc.'s reliance on reinsurance. The counterparty credit rating on Alleghany Corp. (Alleghany) reflects the company's diversified business strategy of owning noninsurance-related strategic investments and four semiautonomous insurance subsidiaries, good competitive position in specialty insurance lines, strong operating performance, strong financial flexibility, and low financial leverage. Partially offsetting these factors are the high catastrophe exposure of Alleghany's largest subsidiary, RSUI Group Inc. (RSUI), and RSUI's reliance on reinsurance. Alleghany is diversified through its strategic noninsurance investments at the holding company and its insurance subsidiaries. This diversification strategy is a strengthUSA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/616964spcred/616964normThe latest Summary from S&P12/3/2007 1:24:58 PMSummary175global616964United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceSummaryThe counterparty credit rating on Alleghany Corp. (Alleghany) reflects the company's diversified business strategy of owning noninsurance-related strategic investments and four semiautonomous insurance subsidiaries, good competitive position in specialty insurance lines, strong operating performance, strong financial flexibility, and low financial leverage. Partially offsetting these factors are the high catastrophe exposure of Alleghany's largest subsidiary, RSUI Group Inc. (RSUI), and RSUI's reliance on reinsurance. Alleghany is diversified through its strategic noninsurance investments at the holding company and its insurance subsidiaries. This diversification strategy is a strength that allows for a rating that is only one notch below the rating on its largest insurance subsidiary, RSUI. More commonly, holding company ratings are three notches below that of the insurance subsidiaries, so AlleghanyUSA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/616948spcred/616948normThe latest Full Report from S&P12/3/2007 1:24:58 PMFull Report400global616948United StatesProperty & Casualty InsuranceUnited StatesGlobal IssuersInsuranceFull ReportDiversified profile in noninsurance strategic investments and insurance subsidiaries. Good competitive position in specialty lines. Strong operating performance. Strong financial flexibility. Conservative financial leverage. High level of catastrophe exposures. RSUI Group Inc.'s reliance on reinsurance. The counterparty credit rating on Alleghany Corp. (Alleghany) reflects the company's diversified business strategy of owning noninsurance-related strategic investments and four semiautonomous insurance subsidiaries, good competitive position in specialty insurance lines, strong operating performance, strong financial flexibility, and low financial leverage. Partially offsetting these factors are the high catastrophe exposure of Alleghany's largest subsidiary, RSUI Group Inc. (RSUI), and RSUI's reliance on reinsurance. Alleghany is diversified through its strategic noninsurance investments at the holding company and its insurance subsidiaries. This diversification strategy is a strengthUSA01717540301040 403010 4030 40Alleghany Corp. (Unsolicited Ratings)114079USAYFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/srp/18946srp/18946norm...Address:### Park Avenue, New York, New York ##### Incorporated:DelawareWeb Site: www.alleghany.comSIC Classification: Title Insurance (####) Business Description: Alleghany Corporation is engaged in the property and casualty and fidelity and surety insurance businesses. The company is also engaged in the industrial minerals business and conducts a steel fastener importing and distribution business. Indices:Russell ####, Russell #### ... 18946017175100Y10/6/2006 12:24:00 PM18946Credit & Investment ResearchSharkRepellent.net