NEW YORK, April 13, 2020 /PRNewswire/ -- Alleghany
Corporation (NYSE:Y) today announced that it intends to adjourn its
2020 Annual Meeting of Stockholders (the "Annual Meeting")
scheduled to be held on April 24,
2020 at 10:00 a.m., Eastern Daylight
Time, to May 8, 2020 at
10:00 a.m., Eastern Daylight Time,
and that the adjourned meeting will be conducted exclusively in a
virtual format. Stockholders will not be able to attend the Annual
Meeting in person, however, stockholders will be able vote and ask
questions during the Annual Meeting through the online
platform.
The decision of the Board of Directors to adjourn the meeting to
May 8, 2020 was made in order to
provide management the opportunity to discuss with stockholders
Alleghany's 2020 first quarter results, which will be released on
or before May 7, 2020, along with
recent events. The decision of the Board of Directors to change to
a virtual-only format was made in light of the public health and
safety concerns related to the coronavirus (COVID-19) pandemic and
recommendations and orders from federal and New York authorities. Information
regarding access to the virtual-only meeting will follow after the
2020 Annual Meeting has been adjourned.
About Alleghany Corporation
Alleghany Corporation (NYSE:Y) creates value through owning and
supporting its operating subsidiaries and managing investments,
anchored by a core position in property and casualty reinsurance
and insurance. Alleghany's property and casualty subsidiaries
include: Transatlantic Holdings, Inc., a leading global reinsurer;
RSUI Group, Inc., which underwrites wholesale specialty insurance
coverages including property, casualty, professional liability and
directors' and officers' liability; and CapSpecialty, Inc., an
underwriter of commercial property, casualty and surety insurance
coverages. Alleghany's subsidiary Alleghany Capital Corporation
owns and manages a diverse portfolio of middle market
businesses.
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SOURCE Alleghany Corporation