Dec. 3, 2012
/PRNewswire/ -- Janet D. Frank has joined Pacific Compensation Corporation ("PacificComp"), the
workers' compensation specialist and wholly-owned subsidiary of Alleghany Corporation (NYSE: Y), as President and Chief Executive Officer, effective immediately. Ms. Frank will also be named as Chair of the Board of Directors of PacificComp.
Ms. Frank previously was President and Chief Operating Officer of Zenith Insurance Company from
to September 2011. Prior to joining Zenith, Ms. Frank was President and CEO of the
-based California State Compensation Insurance Fund from
and Executive Vice President of North American field operations for CNA Financial from 2001 to 2007.
"Janet brings a wealth of workers' compensation experience to PacificComp at an important point in both the company's development and the
workers' compensation market," said
Weston M. Hicks
, President and chief executive officer of Alleghany Corporation. "Her deep knowledge of
workers' compensation will be instrumental in further developing and implementing PacificComp's business strategy. We are pleased that she will be leading PacificComp's exceptional team."
"I am excited to join the PacificComp team, and I look forward to creating value for its brokers, customers and other stakeholders," said Ms. Frank. "I believe that PacificComp has the right team, technology and expertise to realize its vision for growth and success in the
workers' compensation market."
In connection with Ms. Frank's appointment, PacificComp's current President and Chief Executive Officer,
James E. Little
, and current Executive Vice President and Chief Financial Officer,
Ronald A. Groden
, will be leaving PacificComp. Mr. Hicks stated, "We extend our appreciation to Jim and Ron for their years of service with PacificComp and wish them the best in their future endeavors."
About Alleghany Corporation
Alleghany Corporation (NYSE: Y) creates stockholder value through the ownership and management of operating subsidiaries and investments, anchored by a core position in property and casualty reinsurance and insurance.
's property and casualty subsidiaries include: Transatlantic Holdings, Inc., a leading global reinsurance organization headquartered in
; RSUI Group, Inc., a national underwriter of specialty property and liability insurance coverages; Capitol Transamerica Corporation, an underwriter of specialty property, casualty and surety insurance coverages; and Pacific Compensation Corporation, an underwriter of workers' compensation insurance primarily in
SOURCE Alleghany Corporation