White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, …
OneBeacon Insurance Group Ltd., a specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, according to people with knowledge of the matter. OneBeacon has drawn interest from companies including China’s Fosun International Ltd., said the people, …
White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.’s 55 percent interest in Clal Insurance Enterprises Holdings Ltd. The offer will expire unless accepted by 5 p.m. today in Tel Aviv, White …
White Mountains Solutions Holding Co. Inc., a wholly owned subsidiary of White Mountains Insurance Group Ltd. and the group’s specialist runoff acquisition operation, said it has completed the acquisition of four runoff entities following receipt of all regulatory approvals. The …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of OneBeacon Insurance Company and its six pooled and four reinsured affiliates, collectively referred to as OneBeacon Insurance Group. Best …
White Mountains Solutions Holding Co., a specialist runoff acquisition operation for White Mountains Insurance Group Ltd., is continuing its acquisition activities. White Mountains Solutions said it has entered into an agreement to acquire two runoff subsidiaries — American General Indemnity …
White Mountains Solutions Holding Co. , a wholly owned subsidiary of White Mountains Insurance Group, Ltd. and the group’s specialist runoff acquisition operation, has agreed to acquire Physicians Insurance of Ohio and Citation Insurance Co. from PICO Holdings, Inc. Both …
White Mountains Insurance: Q3 2011 Q3 2010 Net earned premiums —- $490.6 mn $498.1 mn 9 months – 2011 2010 $1.4367 bn $1.7729 bn Comprehensive net income (loss) ($97.6 mn) $177.6 mn 9 months (loss) 2011 2010 ($57.6 mn) $60 …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of the operating companies comprising Minnesota-based OneBeacon Insurance Group. Best also, affirmed the ICR of “bbb” of OneBeacon’s publicly …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of New York-based Sirius America Insurance Company, formerly known as White Mountains Reinsurance Company of America. …
