National Indemnity Co.

• NU's Top 10 Stories of 2011

  By NU Staff  |  December 19, 2011

  In such an eventful year, with dozens of compelling stories as strong contenders, determining the Top 10 of 2011 was no easy task. But, after a lot of labor—and internal debate—we feel the final list we’ve put together successfully captures the essential news of the past 12 months.

• #7 Bold-Faced Buyers Battle to Acquire Transatlantic

  December 15, 2011

  Ending a five-month, multiparty bidding war—with Warren Buffett as one of the belligerents—investment holding company Alleghany Corp. recently reached a deal whereby reinsurer Transatlantic would become its independent subsidiary in a $3.4 billion deal.

• Three Reports Point to Keenly Disappointing P&C 3Q, 9-Month Results

  By Phil Gusman, PropertyCasualty360.com, Chad Hemenway, PropertyCasualty360.com  |  December 1, 2011

  When looking at the property and casualty industry’s performance for the first nine months of 2011, or even just the third quarter, the news is the same: sharply declining profits and underwriting results compared to the same periods in 2010, according to three recent reports.

• RAA: 15 of 19 U.S. Property-Casualty Reinsurers Post Underwriting Loss

  By Chad Hemenway, PropertyCasualty360.com  |  November 29, 2011

  All but four from a group of 19 U.S. property and casualty reinsurers reported a net underwriting loss during the first nine months of the year.

• Bidding Race for Reinsurer Transatlantic: A Timeline

  By Reuters  |  November 23, 2011

  Key milestones in the battle for Transatlantic, presented in a timeline. Alleghany Corp. and Transatlantic have agreed on a $3.4 billion cash-and-stock deal.

• 3Q Earnings: Catastrophes Continue to Plague Insurers’ Results

  By Chad Hemenway, PropertyCasualty360.com, Mark E. Ruquet  |  November 4, 2011

  Third-quarter results are rolling in, and the theme remains the same as it has been throughout the year: Catastrophe losses are dragging down profits.

• Validus Extends Offer for Transatlantic

  By Chad Hemenway, PropertyCasualty360.com  |  November 1, 2011

  Validus Holdings Ltd. says it has extended its offer for Transatlantic Holdings Inc. until Nov. 25.

• CNA Posts 3Q $75M Profit

  By Chad Hemenway, PropertyCasualty360.com  |  October 31, 2011

  CNA Financial Corp. says third-quarter net income was $75 million, compared to a net loss of $140 million a year ago during the same period.

• The Race for Transatlantic

  By Phil Gusman, PropertyCasualty360.com  |  October 10, 2011

  A blow-by-blow recounting of the ongoing, dramatic, multi-party efforts at a mega-deal.

• Buffett’s National Indemnity Restates Bid for Transatlantic

  By Chad Hemenway, PropertyCasualty360.com  |  September 19, 2011

  Warren Buffett’s National Indemnity Co. has reinstated its cash offer of $52 per share for Transatlantic Holdings Inc.