Alleghany Completes Merger with Transatlantic

Alleghany Corp. and Transatlantic Holdings announced on Tuesday the closing of their previously announced merger.With the closing of the transaction, Transatlantic becomes an operating subsidiary of Alleghany, and is expected to increase Alleghany’s breadth of distribution, diversify its underwriting activities and add to its financial strength and flexibility, Alleghany said in a press release.Under a merger agreement signed on Nov. 20, former Transatlantic stockholders are entitled to receive, for each share of Transatlantic common stock held, either shares of Alleghany common stock or...