Moody's affirms Alleghany, Landmark

Moody's Investors Service said it affirmed the Baa2 long term issuer rating of Alleghany Corp. and the A3 insurance financial strength rating of Landmark American Insurance Co.

The outlook is stable.

The agency noted that Landmark American and RSUI Indemnity Co. comprise the RSUI Group, Inc., Alleghany's most significant insurance operation.

According to Moody's, the A3 insurance financial strength rating is based on RSUI's sound risk-adjusted capitalization, no debt service requirements at the holding companies and concomitantly no foreseeable dividend requirements on the operating subsidiaries.

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