New York-based p/c insurer Alleghany Corp...
... saw Q1 net income fall 53% to $44.6m, reflecting a jump in realised capital losses to $58.6m from the year-earlier $3.4m. Underwriting profit fell by 5.3% to $37.8m, as net earned premiums dropped by 11.2% to $218m and claim losses declined by 16.6% to $112.8m. The combined ratio improved to 82.6% from 83.8%.
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