On January 18, 2013, Alleghany Corporation determined to expand its executive leadership team by separating the role of Chief Financial Officer from management of Alleghany's approximately $16 billion fixed income portfolio. Accordingly, Roger B. Gorham, Alleghany's Senior Vice President and Chief Financial Officer, will assume overall responsibility for Alleghany's fixed income portfolio and will no longer serve as Chief Financial Officer once a successor is identified. Mr. Gorham will serve as Alleghany's Senior Vice President and acting Chief Financial Officer until a successor is identified, at which time Mr. Gorham will be named as Senior Vice President - Head of Fixed Income and Treasurer.