Alleghany Net Income Grows 61% in Q3

Alleghany Corp. has reported a third-quarter net income of $156 million, a 61% increase from $96.5 million in the third quarter of 2015. For the first nine months of the year, net income was $387 million, down 4.2% from $404 million in the same period last year. Growth in net premiums written of 22% in the third quarter included increases at PacificComp, which specializes in workers’ comp coverage for California businesses, as well as at TransRe and CapSpecialty, the company said in a news release on Tuesday. PacificComp’s operating performance improved during the current quarter...