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News Breaks | | | | February 19, 2013 | | 16:35 EDT |  | WTM | White Mountains subsidiary to acquire Empire Insurance
White Mountains Solutions Holding announced that it had entered into a definitive agreement to acquire Empire Insurance Company; a runoff insurance subsidiary of Leucadia National Corporation, or LUK. The transaction is expected to close during the second quarter of 2013 subject to customary closing conditions and regulatory approval from the New York Department of Financial Services. White Mountains Solutions Holding Company is a wholly owned subsidiary of White Mountains Insurance Group and the group's specialist runoff acquisition operation. | |
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| May 14, 2013 | | 16:33 EDT | | WTM | White Mountains unit announces capital markets initiative
Sirius International Group, the Bermuda-based reinsurance unit of White Mountains Insurance, announced the formation of a dedicated team to lead its strategic initiative in the Insurance Linked Securities/reinsurance capital markets convergence arena. The new initiative will be jointly led by Michael Halsband in New York and Deanne Nixon in Bermuda, both of whom will report to Allan Waters, president and CEO of Sirius Group. | |
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