Y Alleghany Corp

In July 2016, Transatlantic Reinsurance Company (“TRC”), a wholly-owned subsidiary of Alleghany Corporation (“Alleghany”), entered into a five-year agreement with General Reinsurance Corporation (“Gen Re”), a wholly-owned subsidiary of Berkshire Hathaway Inc., for TRC to act as exclusive underwriting manager on behalf of Gen Re for U.S. and Canadian property and casualty treaty reinsurance business produced by brokers and intermediaries (the “Agreement”). On June 14, 2021, TRC announced that TRC and Gen Re have decided not to extend the Agreement. Alleghany does not expect the non-renewal of the Agreement to have a material impact on its results of operations and financial condition.

Forward-Looking Statements

This document contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements do not relate solely to historical or current facts and can be identified by the use of words such as “may,” “will,” “expects,” “estimates,” or other comparable words. These forward-looking statements are based upon Alleghany’s current expectations and are subject to a number of uncertainties and risks that could significantly affect current plans, anticipated actions and Alleghany’s future financial condition and results. These statements are not guarantees of future performance, and Alleghany has no specific intention to update these statements. Factors that could cause these forward-looking statements to differ, possibly materially, from that currently contemplated include the factors set forth in Alleghany’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the United States Securities and Exchange Commission.

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