S&P Indices Announces Change to U.S. Index
NEW YORK, Feb. 28, 2012 /PRNewswire/ -- Alleghany Corp. (NYSE:Y) will replace Transatlantic Holdings, Inc. (NYSE:TRH) in the S&P MidCap 400 index after the close of trading on Monday, March 5. Alleghany is acquiring Transatlantic Holdings in a deal expected to be completed before the opening of trading on March 6 pending final approvals.
Alleghany offers specialty insurance and reinsurance. Headquartered in New York, NY, the company will be added to the S&P MidCap 400 GICS Reinsurance Sub-Industry index.
Following is a summary of the change:
S&P MIDCAP 400 INDEX – March 5, 2012 |
|||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
ADDED |
Alleghany |
Financials |
Reinsurance |
DELETED |
Transatlantic Holdings |
Financials |
Reinsurance |
About S&P Indices
S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE:MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.45 trillion is directly indexed to our indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.
It is not possible to invest directly in an index. S&P Indices does not sponsor, endorse, sell, or promote any S&P index-based investment product. This document does not constitute an offer of services in jurisdictions where S&P Indices or its affiliates do not have the necessary licenses. S&P Indices receives compensation in connection with licensing its indices to third parties.
SOURCE Standard & Poor's
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