Underwriting profits at Alleghany's (re)insurance operations dropped 22 percent to $102.1mn for the fourth quarter as higher cat and current accident year losses were only partially offset by prior-year reserve releases.
Underwriting profits at Alleghany's (re)insurance operations dropped 22 percent to $102.1mn for the fourth quarter as higher cat and current accident year losses were only partially offset by prior-year reserve releases.