Alleghany Corp/DE – ‘8-K’ for 7/14/05 – EX-99.1

On:  Wednesday, 7/20/05, at 4:33pm ET   ·   For:  7/14/05   ·   Accession #:  950123-5-8727   ·   File #:  1-09371

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Alleghany Corporation                                 10     39K 
 2: EX-2.1      Stock Purchase Agreement                             105    461K 
 3: EX-99.1     Press Release                                          1      6K 

EX-99.1   —   Press Release

EX-99.1
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                                                                    Exhibit 99.1

ALLEGHANY CORPORATION                                                           
7 Times Square Tower                                                            
17th Floor                                                                      
New York, NY 10036                                                              

Contact:   Robert M. Hart                                               
(212) 752-1356                                                          

                                                           FOR IMMEDIATE RELEASE

ALLEGHANY COMPLETES SALE OF INDUSTRIAL MINERALS BUSINESS                        

        NEW YORK, N.Y. - JULY 14, 2005 - Alleghany Corporation (NYSE: Y)
announced today that the previously announced sale of its world-wide industrial 
minerals business, World Minerals Inc., to Imerys USA, Inc., a wholly-owned     
subsidiary of Imerys, S.A., had been completed. Under the terms of the          
transaction, Alleghany received a purchase price of approximately $217,000,000. 
Alleghany anticipates that the transaction will result in a modest after-tax    
gain.                                                                           

       Alleghany is engaged through its subsidiary Alleghany Insurance
Holdings LLC (consisting of RSUI Group, Inc., Capitol Transamerica Corporation  
and Darwin Professional Underwriters, Inc.) in the property and casualty        
insurance business.                                                             

           This press release contains forward-looking statements with respect
to the anticipated effects of the transaction. Actual results of the transaction
could be significantly different. Factors that could affect results include     
those set forth in filings made by Alleghany with the Securities and Exchange   
Commission. Although forward-looking statements help to provide complete        
information about future prospects, readers should keep in mind that            
forward-looking statements are much less reliable than historical information.  

 # # #

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		7/20/05		None on these Dates
For Period End:		7/14/05
				List all Filings