Alleghany sells workers’ compensation unit for $150m
13-09-2017
No rose-tinted glasses: Alleghany's readiness for the hard market
29-03-2017
Alleghany president Weston Hicks bets on investments outside of re/insurance to boost profitability. Hicks sees little upside from buying back shares, and the company’s $1 billion in relatively liquid assets gives it the flexibility to take advantages of opportunities such as market hardening, if they come to fruition.
Hicks believes that cracks are beginning to show in the industry’s reserves, which along with other capital-depleting challenges has the potential to reset rates pretty much overnight. He suggests the liquidity of his investments will be able to steer Alleghany through the resulting hard market.
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Alleghany, Weston Hicks, Insurance, Reinsurance, North America
