Alleghany News

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.

A look at the weighted underlying holdings of the SPDR S&P Insurance ETF shows an impressive 13.4% of holdings on a weighted basis have experienced insider buying within the past six months.

New York-based global specialty insurer Alleghany Corporation said its investment management unit acquired a majority stake in manufacturing firm Bourn & Koch.

NEW YORK &#8212 Property and casualty insurer Alleghany Corp. said Wednesday that it bought a majority interest in Bourn & Koch Inc., a privately held manufacturer and retrofitter of machine tools.

A business named by Forbes Magazine as one of the ?100 Best Small Companies in America? announced Monday it would be expanding to Alleghany County ? bringing 55 new jobs with it.