NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Alleghany
Corp. (NYSE:Y) will replace Transatlantic Holdings, Inc. (NYSE:TRH)
in the S&P MidCap 400 index after the close of trading on
Monday, March 5. Alleghany is acquiring Transatlantic
Holdings in a deal expected to be completed before the opening of
trading on March 6 pending final
approvals.
Alleghany offers specialty insurance and reinsurance.
Headquartered in New York, NY, the
company will be added to the S&P MidCap 400 GICS Reinsurance
Sub-Industry index.
Following is a summary of the change:
|
S&P
MIDCAP 400 INDEX – March 5, 2012
|
|
|
COMPANY
|
GICS
ECONOMIC SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Alleghany
|
Financials
|
Reinsurance
|
|
DELETED
|
Transatlantic Holdings
|
Financials
|
Reinsurance
|
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SOURCE Standard & Poor's