NU Online News Service, Nov. 23, 12:00 p.m. EST
Insurance rating agency A.M. Best Co. says the ratings of Transatlantic Holdings and Alleghany Corp. and their subsidiaries remain unchanged following the companies’ agreement to merge.
Transatlantic Holdings is to become an independent subsidiary of property and liability insurer Alleghany Corp. under the terms of a cash-and-stock agreement valuing Transatlantic at about $3.4 billion.
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