Alleghany Reaches Settlement Over Asbestos Reinsurance Contracts

Alleghany Reaches Settlement Over Asbestos Reinsurance ContractsNasdaqAlleghany, a property-casualty insurer based in New York, said the settlement will eliminate about 90% of its liabilities for asbestos and environmental-related losses from 1986 and earlier. The company expects to book a $20 million after-tax charge in …AIG, Berkshire Get $400 Million as Alleghany Deal Winds DownBloombergAlleghany (Y) Unit Enters Communication, Release Agreement with AIG Property …StreetInsider.comTransRe and AIG in $400mn commutation dealThe Insurance Insider (subscription)all 5 news articles »