Alleghany Announces Dividend to Be Paid on 5.75% Mandatory Convertible Preferred Stock.NEW YORK -- Alleghany Corporation (NYSE NYSE See: New York Stock Exchange :Y) announced today that a dividend of $3.8036 per preferred share will be paid on its 5.75% mandatory convertible preferred stock (the "Preferred Stock") on December 15, 2006 to holders of record on December 1, 2006. Alleghany is engaged through its subsidiary Alleghany Insurance Holdings LLC (consisting of RSUI RSUI Rescue Swimmer Under Instruction (USMC) Group, Inc., AIHL AIHL Australian Ice Hockey League Re LLC, Capitol Transamerica Corporation and Darwin Professional Underwriters, Inc.) in property and casualty insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. businesses. |
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