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Alleghany Corporation

In 2002, John Burns recruited Weston Hicks, CFO of The Chubb Corporation, to join Alleghany. Weston had extensive experience in the insurance industry, which made him a perfect candidate to execute Alleghany's objective of focusing on the ownership and management of a small group of operating businesses and investments, anchored by a core position in property and casualty insurance. Under Weston's direction in 2003, Alleghany acquired RSUI, a specialty wholesale underwriting agency, and transformed it into an integrated insurance company which has produced almost $1 billion in underwriting profits. In 2003, Weston oversaw the establishment of Darwin Professional Underwriters, a specialty property and casualty insurance company. Darwin experienced tremendous growth and had a successful initial public offering in 2006. In March 2012, Weston oversaw the acquisition of Transatlantic Re, a leading international reinsurance organization.

2003: Alleghany acquires RSUI.

Weston directed the establishment in 2007 of Alleghany Capital Partners, LLC, an investment group that manages the company’s public equity portfolio and oversaw the growth of Alleghany Capital Corporation, a subsidiary that makes private investments in high-potential companies. Today, Alleghany is an operating company with approximately $22 billion in assets and ample resources to provide ongoing long-term capital support for prospective acquisitions and investments.

Goal:  «Our objective is to create stockholder value through the ownership and management of a small group of operating subsidiaries and investments.»

About Alleghany Capital Corporation

Alleghany Capital Corporation is a wholly-owned subsidiary of Alleghany Corporation that engages in and oversees strategic investments and acquisitions.

We target investments in two distinct categories:

1. Acquisitions, recapitalizations, and management buyouts

  • Majority control
  • Minimum investment of $50 million
  • Long-term investment horizon

2. Growth capital investments and special situations

  • Prefer majority control, but will consider select minority control investments
  • Minimum investment of $20 million
  • Flexible investment horizon

Our recent investments include:

  • Bourn & Koch, Inc., a manufacturer and remanufacturer/retrofitter of precision machine tools and supplier of replacement parts;
  • ORX Exploration, Inc., a regional oil and gas exploration and production company;
  • R.C. Tway Company LLC, a leading manufacturer of custom trailers and truck bodies for the moving and storage industry and other markets; and
  • Stranded Oil Resources Corporation, an exploration and production company focused on enhanced oil recovery.

Alleghany Corporation

7 Times Square Tower, New York, New York 10036
Phone: 212.752.1356

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