Alleghany Corporation, founded in 1929 and headquartered in New York City, is a diversified holding company focused on long-term investments in a variety of businesses, primarily within the insurance sector. The company provides a portfolio of property and casualty insurance and reinsurance through its subsidiaries, significantly impacting the industry's landscape.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| Y 3.25% 2051-08-15 USDAlleghany Corp. | United States | 2051-08-15 | 3.250 | 5.51 |
| Y 3.63% 2030-05-15 USDAlleghany Corp. | United States | 2030-05-15 | 3.625 | 3.98 |
| Y 4.90% 2044-09-15 USDAlleghany Corp. | United States | 2044-09-15 | 4.900 | 5.42 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Alleghany has been actively involved in bond issuance since its early days, using debt as a strategic tool to support its growth initiatives. Notably, the company issued significant bonds in 2020 to finance its acquisition of Transamerica's reinsurance business, capturing favorable yields amid low-interest rates. As of 2023, Alleghany’s bonds are competitively priced in comparison to peers, reflecting strong credit ratings and investor confidence, bolstered by strategic initiatives and effective risk management practices.