Brandon succeeds Hicks as CEO of Alleghany

Weston Hicks retires as President and CEO of Alleghany Corp. at the end of this year and will be succeeded by Joseph P. Brandon, who is currently the Vice President of the Insurance and Reinsurance Holding Company.

Mr. Brandon, who was chairman and CEO of General Re Corp. from 2001 to 2008 and joined Alleghany in 2012, will be succeeded by Kerry J. Jacobs, CFO of Alleghany. Ms Jacobs, who joined the company in 2014, will continue as CFO until a successor is appointed, says a statement from Alleghany.

Mr. Hicks, 64, joined Alleghany from Chubb Corp. In 2002 as Deputy CEO and was appointed President and CEO in 2004. Before joining the insurance company management, he was a leading analyst on Wall Street. ., which it bought after a long bidding war in 201

2; RSUI Group Inc., a surplus insurance company it acquired in 2003; and CapSpecialty Inc., a specialty insurance company it acquired in 2002. Another subsidiary, Alleghany Capital Corp., manages a portfolio of industrial and other non-insurance companies.