White Mountains Insurance Group Ltd (N:WTM)
Business Focus: Property & Casualty Insurance
Apr 10, 2024 08:00 am ET
GILES HARRISON TO JOIN WHITE MOUNTAINS AS EVP AND CHIEF STRATEGY OFFICER; LIAM CAFFREY NAMED PRESIDENT
HAMILTON, Bermuda, April 10, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Giles Harrison will become its Executive Vice President and Chief Strategy Officer on June 10, 2024. Since 2015, Mr. Harrison has served in various capacities at Zurich Insurance Company Ltd., most recently as Chief Financial Officer of its subsidiary, Farmers Group, Inc. Prior to joining Zurich, Mr. Harrison was an insurance sector investment banker for 20 years and advised White Mountains on numerous projects in such capacity.
Feb 23, 2024 07:00 am ET
Reid T. Campbell Elected to the White Mountains Board
HAMILTON, Bermuda, Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Reid T. Campbell as a director of the Company.
Feb 23, 2024 07:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, Feb. 23, 2024 /PRNewswire/ -- At its regular meeting held on February 22, 2024, the Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) declared a $1.00 per share annual dividend, payable in cash on March 20, 2024, to holders of record of Common Shares as of the close of business on March 11, 2024.
Feb 12, 2024 07:00 am ET
ZACHARY MATTLER JOINS WHITE MOUNTAINS PARTNERS AS PRINCIPAL
NEW YORK, Feb. 12, 2024 /PRNewswire/ -- White Mountains Partners announced today that Zachary ("Zack") Mattler has joined its founding team as a Principal.
Feb 07, 2024 07:00 am ET
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
HAMILTON, Bermuda, Feb. 7, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,656 and adjusted book value per share of $1,704 as of December 31, 2023. Book value per share and adjusted book value per share both increased 7% in the fourth quarter of 2023 and 14% in the year ended December 31, 2023, including dividends.
Dec 21, 2023 03:15 pm ET
White Mountains Renews Lead Commitment in Ark-Sponsored Reinsurance Sidecar
HAMILTON, Bermuda, Dec. 21, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has renewed Outrigger Re Ltd. ("Outrigger") for business incepted during calendar year 2024. The renewal is on similar terms as were in effect for calendar year 2023.
Dec 13, 2023 08:00 am ET
Sage Advisory Services Adds Kudu Investment Management as Minority Partner
AUSTIN, Texas and NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Sage Advisory Services, Ltd. (Sage), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has made a minority investment in Sage. Financial terms were not disclosed.
Nov 06, 2023 07:00 am ET
WHITE MOUNTAINS REPORTS THIRD QUARTER RESULTS
HAMILTON, Bermuda, Nov. 6, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,542 and adjusted book value per share of $1,588 as of September 30, 2023. Book value per share and adjusted book value per share both increased 1% in the third quarter of 2023 and 6% in the first nine months ended September 30, 2023, including dividends.
Oct 25, 2023 08:00 am ET
WHITE MOUNTAINS LAUNCHES WHITE MOUNTAINS PARTNERS
JOHN J. DALY JOINS AS CEO AND MANAGING PARTNER
Oct 20, 2023 08:00 am ET
White Mountains to Acquire a Majority Stake in Bamboo
HAMILTON, Bermuda, Oct. 20, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC ("Bamboo"), an MGA focused on the California homeowners insurance market. White Mountains expects to invest approximately $285 million, including primary capital to support Bamboo's growth, and to acquire approximately 70% of Bamboo basic shares outstanding.
Jul 25, 2023 06:00 am ET
European Private Credit Investor Apera Asset Management Adds Kudu Investment Management as Strategic Investor
NEW YORK and LONDON, July 25, 2023 /PRNewswire/ -- Apera Asset Management LLP (Apera), a U.K.-based pan-European private debt manager in the mid-market space, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has made a minority investment in Apera through an Apera affiliate. The firms are not disclosing financial terms.
Jun 30, 2023 08:00 am ET
White Mountains Insurance Group, Ltd. Announces the Final Results of White Mountains Insurance Group, Ltd. and WM Hinson (Bermuda) Ltd.'s Tender Offer for up to 5,916,816 Shares of Class A Common Stoc
HAMILTON, Bermuda, June 30, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") today announced the final results of the cash tender offer (the "Offer") by White Mountains and its wholly owned subsidiary, WM Hinson (Bermuda) Ltd. ("WM Hinson" and together with White Mountains, the "Purchasers") to purchase shares of Class A Common Stock, $0.01 par value per share (each, a "Common Share"), of MediaAlpha, Inc., a Delaware corporation (NYSE: MAX) (the "Company"), at a price of $10.00 per Common Share, net to the seller in cash, less any applicable withhol
Jun 27, 2023 08:00 am ET
White Mountains Insurance Group, Ltd. Announces the Preliminary Results of White Mountains Insurance Group, Ltd. and WM Hinson (Bermuda) Ltd.'s Tender Offer for up to 5,000,000 Shares of Class A Commo
HAMILTON, Bermuda, June 27, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") today announced the preliminary results of the cash tender offer (the "Offer") by White Mountains and its wholly owned subsidiary, WM Hinson (Bermuda) Ltd. ("WM Hinson" and together with White Mountains, the "Purchasers") to purchase up to an aggregate of 5,000,000 shares of Class A Common Stock, $0.01 par value per share (each, a "Common Share"), of MediaAlpha, Inc., a Delaware corporation (NYSE: MAX) (the "Company"), at a price of $10.00 per Common Share, net to the seller
Jun 21, 2023 09:21 am ET
Healthcare-Focused Private Equity Manager Martis Capital Secures Investment From Kudu Investment Management
NEW YORK and SAN FRANCISCO and WASHINGTON, June 21, 2023 /PRNewswire/ -- Martis Capital Management, LLC (Martis Capital), a healthcare-focused private equity firm, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Martis Capital. Financial terms were not disclosed.
May 26, 2023 06:15 am ET
White Mountains Insurance Group, Ltd. Announces that White Mountains Insurance Group, Ltd. and WM Hinson (Bermuda) Ltd. Commence Tender Offer for up to 5,000,000 Shares of Class A Common Stock of Medi
HAMILTON, Bermuda, May 26, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") today announced that it and its wholly owned subsidiary, WM Hinson (Bermuda) Ltd. ("WM Hinson" and together with White Mountains, the "Purchasers"), have commenced a cash tender offer to purchase up to an aggregate of 5,000,000 shares of Class A Common Stock, $0.01 par value per share (each, a "Common Share"), of MediaAlpha, Inc., a Delaware corporation (NYSE: MAX) (the "Company"), at a price of $10.00 per Common Share, net to the seller in cash, less any applicable withholdi
May 25, 2023 04:15 pm ET
Morgan Davis Retires from White Mountains Board of Directors; Weston M. Hicks Elected Chairman
HAMILTON, Bermuda, May 25, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that Weston M. Hicks has been elected Chairman of the Board. Mr. Hicks replaces Morgan Davis, who has retired from the Board effective today.
May 22, 2023 08:00 am ET
White Mountains to Hold 2023 Annual Investor Information Meeting on June 6, 2023
HAMILTON, Bermuda, May 22, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) will hold its Annual Investor Information Meeting on:
May 09, 2023 08:00 am ET
WHITE MOUNTAINS REPORTS FIRST QUARTER RESULTS
HAMILTON, Bermuda, May 9, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,522 and adjusted book value per share of $1,567 as of March 31, 2023. Book value per share and adjusted book value per share both increased 5% in the first quarter of 2023.
Mar 15, 2023 03:19 pm ET
BAM Announces Kroll Bond Rating Agency Upgrades Fidus Re Series 2018-1 to AA-Plus
Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) to AA+ and affirmed its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II). The transactions were sold to fund collateralized excess-of-loss reinsurance agreements that provide additional claims-paying resources for Build America Mutual.
Feb 24, 2023 07:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, Feb. 24, 2023 /PRNewswire/ -- At its regular meeting held on February 23, 2023, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 22, 2023, to holders of record of Common Shares as of the close of business on March 13, 2023.
Feb 07, 2023 07:00 am ET
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
HAMILTON, Bermuda, Feb. 7, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,457 and adjusted book value per share of $1,495 as of December 31, 2022. Book value per share and adjusted book value per share increased 1% and 2% in the fourth quarter of 2022. Book value per share and adjusted book value per share increased 24% and 26% in the year ended December 31, 2022, including dividends, driven primarily by the net gain from the sale of NSM.
Dec 21, 2022 07:15 am ET
White Mountains Leads Investor Group in Ark-Sponsored Reinsurance Sidecar
HAMILTON, Bermuda, Dec. 21, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has sponsored the formation of a reinsurance sidecar to provide collateralized reinsurance capacity for its global property catastrophe portfolio.
Nov 07, 2022 07:00 am ET
WHITE MOUNTAINS REPORTS THIRD QUARTER RESULTS
HAMILTON, Bermuda, Nov. 7, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,439 and adjusted book value per share of $1,471 as of September 30, 2022. Book value per share and adjusted book value per share both increased 28% in the third quarter of 2022. Book value per share and adjusted book value per share increased 23% and 24% in the first nine months of 2022, including dividends. The increase in book value per share and adjusted book value per share was driven primarily by the net gain from the sale of NSM.
Sep 26, 2022 08:00 am ET
WHITE MOUNTAINS ANNOUNCES FINAL RESULTS OF ITS TENDER OFFER
HAMILTON, Bermuda, Sept. 26, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the final results of its "modified Dutch auction" tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 20, 2022.
Sep 21, 2022 08:14 am ET
WHITE MOUNTAINS ANNOUNCES PRELIMINARY RESULTS OF ITS TENDER OFFER
HAMILTON, Bermuda, Sept. 21, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the preliminary results of its "modified Dutch auction" tender offer to purchase up to $500 million in value of its common shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 20, 2022.
Sep 06, 2022 09:00 am ET
Growth Capital Provider Escalate Capital Partners Secures Investment From Kudu Investment Management
NEW YORK and AUSTIN, Texas, Sept. 6, 2022 /PRNewswire/ -- Escalate Capital Partners (Escalate), a leading private credit and equity investor in growing later-stage companies in the software, services, and healthcare sectors, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Escalate. Financial terms were not disclosed.
Aug 22, 2022 06:00 am ET
WHITE MOUNTAINS TO COMMENCE SELF-TENDER OFFER TO PURCHASE UP TO $500 MILLION IN VALUE OF ITS COMMON SHARES
HAMILTON, Bermuda, Aug. 22, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it has commenced a "modified Dutch auction" self-tender offer to purchase up to $500 million in value of its common shares, at a purchase price not greater than $1,400 nor less than $1,250 per share, in cash, less any applicable withholding taxes and without interest. The tender offer commenced today, on August 22, 2022, and will expire at 12:00 midnight, New York City time, at the end of the day on September 20, 2022, unless extended. White Mountains's common shares closed
Aug 08, 2022 08:00 am ET
WHITE MOUNTAINS REPORTS SECOND QUARTER RESULTS
HAMILTON, Bermuda, Aug. 8, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,129 and adjusted book value per share of $1,152 as of June 30, 2022. Book value per share and adjusted book value per share decreased 5% and 4% in the second quarter of 2022 and 4% and 3% in the first six months of 2022, including dividends.
Aug 01, 2022 04:15 pm ET
White Mountains Completes Sale of NSM
HAMILTON, Bermuda, Aug. 1, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has completed the sale of NSM Insurance Group to investment funds affiliated with global investment firm Carlyle (NASDAQ: CG).
Jul 28, 2022 01:27 pm ET
GenTrust Adds Kudu Investment Management as Strategic Investor
NEW YORK and MIAMI, July 28, 2022 /PRNewswire/ -- GenTrust, LLC (GenTrust), an employee-owned SEC-registered investment adviser, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has acquired a minority passive interest in GenTrust. Terms were not disclosed.
Jun 14, 2022 09:00 am ET
Asset Management Distribution Executive Ben Ruffel Joins Kudu Investment Management
NEW YORK, June 14, 2022 /PRNewswire/ -- Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers, today announced that Ben Ruffel has joined the firm as director of distribution strategies, a new position, effective June 13.
Jun 09, 2022 12:00 pm ET
Emerging Markets Specialist Gramercy Funds Management Adds Kudu Investment Management as Strategic Investor
GREENWICH, Conn. and NEW YORK, June 9, 2022 /PRNewswire/ -- Gramercy Funds Management, LLC (Gramercy), a dedicated emerging markets investment firm, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers, today announced that Kudu has acquired a minority interest in Gramercy. The majority of the proceeds will be reinvested into Gramercy's investment strategies, further aligning the firm with its limited partners. The terms of the transaction were not disclosed.
May 26, 2022 08:00 am ET
MassMutual Becomes Equity Investor in Kudu Investment Management
NEW YORK, May 26, 2022 /PRNewswire/ -- Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Massachusetts Mutual Life Insurance Company (MassMutual), a leading U.S. mutual life insurance company, has become an equity investor – joining White Mountains Insurance Group, Ltd. (NYSE: WTM).
May 24, 2022 08:00 am ET
White Mountains to Hold 2022 Annual Investor Information Meeting on June 10, 2022
HAMILTON, Bermuda, May 24, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) will hold its Annual Investor Information Meeting on:
May 09, 2022 09:10 am ET
White Mountains to Sell NSM to Carlyle
HAMILTON, Bermuda and NEW YORK, May 9, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has signed a definitive agreement to sell NSM Insurance Group ("NSM") to investment funds affiliated with global investment firm Carlyle (NASDAQ: CG). The transaction values NSM at $1.775 billion.
May 06, 2022 08:00 am ET
WHITE MOUNTAINS REPORTS FIRST QUARTER RESULTS
HAMILTON, Bermuda, May 6, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,183 and adjusted book value per share of $1,204 as of March 31, 2022. Book value per share and adjusted book value per share both increased 1% in the first quarter of 2022.
Mar 31, 2022 06:29 pm ET
HG Global Closes New $150 Million Credit Facility
HAMILTON, Bermuda, March 31, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that HG Global Ltd. ("HG") closed a new $150 million, 10-year term loan credit facility with Hudson Structured Capital Management Ltd, (conducting its re/insurance business as HSCM Bermuda) and Security Benefit Life Insurance Company. HG expects to receive the proceeds of the loan on or prior to May 31, 2022. A portion of the proceeds of the loan will be used to pay a $120 million dividend to White Mountains Insurance Group, Ltd. and the other equity holders of HG. The facil
Feb 25, 2022 07:00 am ET
WHITE MOUNTAINS DECLARES ANNUAL DIVIDEND
HAMILTON, Bermuda, Feb. 25, 2022 /PRNewswire/ -- At its regular meeting held on February 24, 2022, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 23, 2022, to holders of record of Common Shares as of the close of business on March 14, 2022.
Feb 08, 2022 07:00 am ET
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
HAMILTON, Bermuda, Feb. 8, 2022 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,176 and adjusted book value per share of $1,190 as of December 31, 2021. Book value per share and adjusted book value per share both increased 1% in the fourth quarter of 2021. Book value per share and adjusted book value per share decreased 7% and 6% in the year ended December 31, 2021, including dividends. Excluding net realized and unrealized investment losses from White Mountains's investment in MediaAlpha, adjusted book value per share increased 3% in
Jan 10, 2022 08:15 am ET
Credit Specialist Radcliffe Capital Management Secures Minority Investment From Kudu Investment Management
NEW YORK and BALA CYNWYD, Pa., Jan. 10, 2022 /PRNewswire/ -- Radcliffe Capital Management, L.P. (Radcliffe), an SEC-registered investment adviser specializing in defensive credit and opportunistic strategies, and Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, today announced that Kudu has acquired a minority stake in Radcliffe and its affiliates. Financial terms were not disclosed.
Dec 02, 2021 03:05 pm ET
Liam Caffrey to Become CFO of White Mountains
HAMILTON, Bermuda, Dec. 2, 2021 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Liam P. Caffrey will become its Chief Financial Officer on March 1, 2022. Mr. Caffrey currently serves as a consultant to a subsidiary of the Company. Previously, Mr. Caffrey spent nine years at Aon plc, most recently as CEO of Aon Affinity and global CFO of Aon Risk Solutions. Before Aon, Mr. Caffrey was a partner with McKinsey & Company.
Nov 16, 2021 08:00 am ET
Small Cap Specialist Granahan Investment Management Receives Minority Investment From Kudu Investment Management
NEW YORK and WALTHAM, Mass., Nov. 16, 2021 /PRNewswire/ -- Granahan Investment Management, Inc. (GIM), a small cap equity investment boutique with $5.8 billion in assets under management, and Kudu Investment Management, LLC, a leading provider of permanent capital solutions to asset and wealth managers, today announced that Kudu has acquired a minority interest in GIM. Financial terms were not disclosed.
Nov 08, 2021 07:00 am ET
White Mountains Reports Third Quarter Results
HAMILTON, Bermuda, Nov. 8, 2021 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,162 and adjusted book value per share of $1,176 as of September 30, 2021. Book value per share and adjusted book value per share both decreased 9% in the third quarter of 2021. For the first nine months of 2021, book value per share decreased 8% and adjusted book value per share decreased 7%, including dividends.
Oct 12, 2021 08:00 am ET
Suzanne Shank Elected to the White Mountains Board
HAMILTON, Bermuda, Oct. 12, 2021 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Suzanne F. Shank as a director of the Company.
Sep 15, 2021 09:00 am ET
Douglass Winthrop Advisors Secures Minority Investment From Kudu Investment Management
NEW YORK, Sept. 15, 2021 /PRNewswire/ -- Douglass Winthrop Advisors, LLC (DWA), an SEC-registered investment advisor managing more than $4.8 billion in assets, is partnering with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide. Under terms of an agreement reached on Sept. 13, Kudu has acquired a minority stake in DWA. Financial terms were not disclosed.
Sep 09, 2021 01:00 pm ET
Leading Canadian Private Credit Firm Third Eye Capital Receives Significant Backing From Kudu Investment Management
TORONTO and NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Third Eye Capital (Third Eye), a leading Canadian private credit firm, is partnering with Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide. Kudu is acquiring a minority stake in Third Eye and its affiliates. Terms were not disclosed.
Aug 06, 2021 08:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 6, 2021 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,279 and adjusted book value per share of $1,292 as of June 30, 2021. Book value per share and adjusted book value per share both increased 4% in the second quarter of 2021 and 2% in the first six months of 2021, including dividends.
Jul 29, 2021 10:00 am ET
S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
S&P Global Ratings published its full annual analysis of Build America Mutual and affirmed BAM’s AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.
Feb 26, 2021 07:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, Feb. 26, 2021 /PRNewswire/ -- At its regular meeting held on February 25, 2021, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 24, 2021, to holders of record of Common Shares as of the close of business on March 15, 2021.
Feb 17, 2021 04:43 pm ET
BAM Announces 2020 Statutory Financial Results
Build America Mutual, the only mutual, U.S. municipal-only bond insurer, today published its 2020 statutory financial results, reporting record par insured and total premiums. In addition to strong organic growth in capital during 2020, BAM completed a $150 million, fully collateralized reinsurance agreement with Fidus Re Ltd in the first quarter of 2021 that expands its claims-paying resources to more than $1.1 billion.
Feb 05, 2021 07:00 am ET
White Mountains Reports Fourth Quarter Results
HAMILTON, Bermuda, Feb. 5, 2021 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,259 and adjusted book value per share of $1,264 as of December 31, 2020. Book value per share and adjusted book value per share both increased 15% in the fourth quarter of 2020. Book value per share and adjusted book value per share increased 23% and 24% in the year ended December 31, 2020, including dividends.
Nov 18, 2020 07:00 am ET
Ranger Investment Management Consolidates Ownership Interest With Capital From Kudu Investment Management
DALLAS, Nov. 18, 2020 /PRNewswire/ -- Ranger Investment Management, L.P. (Ranger Investments), a boutique manager specializing in small- and micro-cap U.S. growth strategies, today announced its management is acquiring a controlling interest in the firm previously held by Ranger Capital Group. Kudu Investment Management, LLC (Kudu), an independent provider of permanent capital solutions to asset and wealth managers worldwide, financed the transaction and will have a passive, minority interest in Ranger Investments. Financial terms were not disclosed, and the transaction is subject to customa
Nov 09, 2020 06:55 am ET
Channel Capital Undertakes Management Buyout Supported by Kudu Investment Management
NEW YORK and SYDNEY, Nov. 9, 2020 /PRNewswire/ -- Channel Capital Pty Ltd. (Channel), a leading Australian multi-affiliate investment management company servicing more than A$16 billion in assets, will undertake a management buyout from minority equity partner Highbury Partnership (Highbury), subject to customary approvals.
Nov 06, 2020 07:00 am ET
White Mountains Reports Third Quarter Results
HAMILTON, Bermuda, Nov. 6, 2020 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,099 and adjusted book value per share of $1,101 as of September 30, 2020. Book value per share and adjusted book value per share both increased 8% in the third quarter of 2020. For the first nine months of 2020, book value per share increased 7% and adjusted book value per share increased 8%, including dividends.
Oct 27, 2020 09:15 pm ET
MediaAlpha Prices Initial Public Offering
HAMILTON, Bermuda, Oct. 27, 2020 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that MediaAlpha, Inc. ("MediaAlpha") priced an initial public offering of 9,250,000 shares of its Class A common stock at a price of $19 per share. The shares will begin trading on the New York Stock Exchange on October 28, 2020 under the ticker symbol "MAX". At the initial public offering price, MediaAlpha has an equity market capitalization of approximately $1.2 billion and an enterprise valuation of approximately $1.4 billion.
Aug 07, 2020 08:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 7, 2020 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,021 and adjusted book value per share of $1,022 as of June 30, 2020. Book value per share and adjusted book value per share both increased approximately 4% in the second quarter of 2020. Book value per share decreased 0.2% and adjusted book value per share increased 0.4% in the first six months of 2020, including dividends.
Jul 07, 2020 08:00 am ET
Sequoia Financial Group Partners With Kudu Investment Management To Buttress Continued Growth
NEW YORK and AKRON, Ohio, July 7, 2020 /PRNewswire/ -- Sequoia Financial Group, LLC (Sequoia), a registered investment advisor with $4.7 billion in client assets, and Kudu Investment Management, LLC (Kudu), an independent provider of long-term capital solutions to asset and wealth managers worldwide, have announced that Kudu has made a strategic investment in Sequoia. Financial terms were not disclosed.
Jun 30, 2020 08:00 am ET
S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
S&P Global Ratings announced that it has affirmed Build America Mutual’s AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.
May 08, 2020 08:00 am ET
White Mountains Reports First Quarter Results
HAMILTON, Bermuda, May 8, 2020 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $981 and adjusted book value per share of $980 as of March 31, 2020. Book value per share and adjusted book value per share both decreased 4% in the first quarter of 2020, including dividends.
May 07, 2020 04:30 pm ET
BAM Elects New Chairman, Adds Clarence Anthony as Independent Director
Build America Mutual today announced that its Board of Directors elected Manning Rountree as Chairman, succeeding BAM co-founder Robert Cochran, who will continue to serve as a managing director and was also re-elected by BAM’s members to a new three-year term on the Board. Separately, BAM announced that its members elected Clarence Anthony, chief executive officer of the National League of Cities, as an independent director, succeeding Robert Vanosky.
Mar 31, 2020 09:44 am ET
Kudu Makes Minority Investment in Private Equity Firm Creation Investments
NEW YORK and CHICAGO, March 31, 2020 /PRNewswire/ -- Kudu Investment Management, LLC, a New York-based provider of long-term capital solutions to asset and wealth managers worldwide, today announced it has made a strategic investment in Creation Investments Capital Management, LLC, a private equity firm specializing in impact investments. Financial terms of the transaction, which closed on March 30, were not disclosed.
Mar 23, 2020 08:00 am ET
NSM Insurance Group To Acquire Kingsbridge Group
CONSHOHOCKEN, Pa., March 23, 2020 /PRNewswire/ -- NSM Insurance Group ("NSM"), a leading managing general underwriting agency ("MGU") and program administrator for specialty insurance programs, has entered into a definitive agreement to acquire Kingsbridge Group Limited ("Kingsbridge"). Based in the United Kingdom, Kingsbridge is the leading provider of commercial lines insurance and consulting services to the UK's high growth contingent workforce.
Nov 22, 2019 09:32 am ET
S&P Affirms Build America Mutual’s AA Rating and Stable Outlook Under New Methodology
S&P Global Ratings today affirmed its AA rating and stable outlook for Build America Mutual, the largest municipal-only bond insurer, recognizing BAM’s “excellent capital and earnings” and other key strengths in assigning BAM the highest rating S&P maintains for any active bond insurer. The rating was affirmed following the adoption of new ratings methodologies for bond insurance that align the sector with S&P’s ratings for other insurers.
Nov 06, 2019 07:00 am ET
Oct 23, 2019 08:53 am ET
Smart Car Insurance Company Arrives in Texas
SAN FRANCISCO, Oct. 23, 2019 /PRNewswire/ -- Today, Noblr, a next generation personal car insurance company, announced its Texas launch. Noblr is smart car insurance for responsible drivers that rewards customers' good driving behaviors with real-time competitive rates. Innovative in technology and structure, Noblr is built on a reciprocal exchange model, where customers are members who help drive the company forward.
Sep 04, 2019 08:30 am ET
EJF Capital Receives Strategic Minority Investment From Kudu
NEW YORK and ARLINGTON, Va., Sept. 4, 2019 /PRNewswire/ -- EJF Capital LLC ("EJF"), a global alternative asset management firm focused on regulatory event driven themes across the financial and real estate sectors, today announced that Kudu Investment Management, LLC ("Kudu"), a New York-based independent provider of permanent capital solutions to asset and wealth managers worldwide, has made a strategic minority investment in EJF. Terms of the transaction were not disclosed.
Aug 06, 2019 08:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 6, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $987 and adjusted book value per share of $986 as of June 30, 2019. Book value per share and adjusted book value per share both increased 1% in the second quarter of 2019. Book value per share and adjusted book value per share increased 10% and 11% in the first six months of 2019, including dividends. The results for the first six months of 2019 include the impact of the MediaAlpha transaction. Excluding the gain on the MediaAlpha transaction, book value per
Jul 29, 2019 09:29 am ET
Kudu Investment Management Acquires Minority Stake In Wealth Manager First Long Island Investors
NEW YORK, July 29, 2019 /PRNewswire/ -- Kudu Investment Management, LLC, a provider of permanent capital solutions to asset and wealth managers worldwide, has acquired a passive minority interest in Jericho, N.Y.-based First Long Island Investors, LLC which oversees approximately $1.6 billion in assets for high net worth individuals and families. Terms were not disclosed.
Jun 28, 2019 09:45 am ET
Build America Mutual Announces S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
S&P Global Ratings has affirmed Build America Mutual’s AA rating and Stable outlook, the strongest rating S&P assigns to any active insurer.
May 06, 2019 08:00 am ET
White Mountains Reports First Quarter Results
HAMILTON, Bermuda, May 6, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $981 and adjusted book value per share of $979 as of March 31, 2019. Book value per share and adjusted book value per share were each up 10% for the quarter, including dividends.
May 03, 2019 08:00 am ET
White Mountains to Hold 2019 Annual Investor Information Meeting on June 7, 2019
HAMILTON, Bermuda, May 3, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) will hold its annual Investor Information Meeting on:
May 01, 2019 08:00 am ET
Frank Bazos To Join White Mountains As Executive Vice President And Head Of M&A
HAMILTON, Bermuda, May 1, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Frank Bazos, 52, is joining White Mountains Capital as Executive Vice President and Head of M&A.
Apr 18, 2019 07:45 am ET
New Research Coverage Highlights Sequential Brands Group, White Mountains Insurance Group, PetIQ, Black Stone Minerals, Second Sight Medical Products, and USA Truck — Consolidated Revenues, Company Gr
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Sequential Brands Group, Inc. (NASDAQ:SQBG), White Mountains Insurance...
Apr 01, 2019 04:30 pm ET
NSM Insurance Group Acquires Embrace Pet Insurance
CONSHOHOCKEN, Pa., April 1, 2019 /PRNewswire/ -- NSM Insurance Group, a leader in the development, implementation, marketing and underwriting of industry-specific insurance programs, has acquired Embrace Pet Insurance. Based in Cleveland, Embrace is a top-rated, nationwide provider of personalized, affordable and easy-to-use pet health insurance for dogs and cats.
Mar 04, 2019 07:00 am ET
Kudu Announces Minority Investment In Versus, A Leading Real Assets Fund Manager
NEW YORK, March 4, 2019 /PRNewswire/ -- Kudu Investment Management, LLC, a provider of capital solutions to the asset and wealth management industries, today announced it has made a minority investment in leading real assets investment manager Versus Capital Advisors, LLC, and affiliated entities ("Versus Capital"). Terms of the agreement were not disclosed.
Mar 01, 2019 07:00 am ET
Peter Carlson Elected To The White Mountains Board
HAMILTON, Bermuda, March 1, 2019 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Peter M. Carlson as a director of the Company.
Mar 01, 2019 07:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, March 1, 2019 /PRNewswire/ -- At its regular meeting held on February 28, 2019, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 27, 2019, to holders of record of Common Shares as of the close of business on March 18, 2019.
Feb 14, 2019 03:30 pm ET
White Mountains Boosts Capital Commitment To $250 Million In Kudu Investment Management, Fueling Kudu's Stakes In Boutique Asset And Wealth Managers
NEW YORK, Feb. 14, 2019 /PRNewswire/ -- Kudu Investment Management, LLC, a leading provider of capital solutions to asset and wealth management firms, today announced that White Mountains Insurance Group, Ltd. (NYSE: WTM), a Bermuda-domiciled financial services holding company, has agreed to raise its commitment to Kudu to $250 million.
Feb 06, 2019 07:00 am ET
White Mountains Reports Fourth Quarter Results
HAMILTON, Bermuda, Feb. 6, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $896 and adjusted book value per share of $888 as of December 31, 2018. For the fourth quarter and year ended December 31, 2018, book value per share decreased 5% and 4% and adjusted book value per share decreased 4% and 3%, including dividends. Including the estimated gain of $55 per share for the MediaAlpha transaction, December 31, 2018 book value per share would have been $951 and adjusted book value per share would have been $943.
Feb 04, 2019 07:00 am ET
MediaAlpha To Sell Significant Minority Stake To Insignia Capital
HAMILTON, Bermuda, Feb. 4, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that MediaAlpha has signed a definitive agreement to sell a significant minority stake to Insignia Capital Group in connection with a recapitalization transaction. The transaction values MediaAlpha at approximately $350 million.
Jan 07, 2019 07:00 am ET
White Mountains Makes Minority Investment in Noblr, Inc.
HAMILTON, Bermuda, Jan. 7, 2019 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has acquired a minority equity stake in Noblr, Inc. ("Noblr"). Noblr is a new property and casualty insurance provider, with its first product offering focused on personal auto insurance. Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr's own proprietary technology. Noblr offers its customers memberships in a reciprocal exchange to align the interests of the insurer an
Dec 20, 2018 03:15 pm ET
Kudu Makes Minority Investment In Fair Oaks, Leading Credit Manager
NEW YORK and LONDON, Dec. 20, 2018 /PRNewswire/ -- Kudu Investment Management, LLC ("Kudu"), a provider of capital solutions to the asset management and wealth management industries, today announced that it has agreed to take a passive minority stake in leading London-based alternative credit manager Fair Oaks Capital Ltd., and various affiliates ("Fair Oaks"). The award-winning Fair Oaks, which manages approximately $2.4 billion, specializes in collateralized loan obligations (CLOs), investing in both US and European CLOs as well as direct investment in bank loans. Terms of the agreement
Dec 03, 2018 07:28 am ET
NSM Insurance Group Acquires Assets Of KBK Insurance Group
CONSHOHOCKEN, Pa., Dec. 3, 2018 /PRNewswire/ -- NSM Insurance Group has acquired the assets of KBK Insurance Group. Based in Harahan, LA, KBK is a highly specialized program manager in the towing and transportation space with over 25 years of experience.
Nov 23, 2018 08:15 am ET
Detailed Research: Economic Perspectives on Whirlpool, GrafTech International, Thermon Group, White Mountains Insurance Group, Air Industries Group, and Heat Biologics — What Drives Growth in Today's
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Whirlpool Corporation (NYSE:WHR), GrafTech International Ltd....
Nov 05, 2018 07:00 am ET
White Mountains Reports Third Quarter Results
HAMILTON, Bermuda, Nov. 5, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $938 and adjusted book value per share of $926 as of September 30, 2018. Book value per share and adjusted book value per share both increased 2% in the third quarter of 2018 and 1% in the first nine months of 2018, including dividends. Comprehensive income (loss) attributable to common shareholders was $40 million and $(5) million in the third quarter and first nine months of 2018, compared to comprehensive income attributable to common shareholders of $565 mi
Nov 05, 2018 06:00 am ET
NSM MGA Holdings Ltd Launch Second Underwriting Brand, First Specialty
CONSHOHOCKEN, Pa., Nov. 5, 2018 /PRNewswire/ -- Following their recent acquisition of Xpekt Ltd, NSM MGA Holdings Ltd have today announced that they will be launching a second underwriting brand to the market.
Oct 22, 2018 03:51 pm ET
NSM Insurance Group Acquires Xpekt Ltd.
CONSHOHOCKEN, Pa., Oct. 22, 2018 /PRNewswire/ -- NSM MGA Holdings Ltd has announced today that it has reached an agreement to acquire Xpekt Ltd, the motor insurance-focused Managing General Agent. This agreement represents an important step in NSM's ambitions to build a niche motor underwriting business in the UK, serving a select panel of specialist and community brokers, differentiated by superior service and supported by A-rated underwriting capacity.
Aug 24, 2018 08:00 am ET
David Tanner Elected To The White Mountains Board
HAMILTON, Bermuda, Aug. 24, 2018 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected David Tanner as a director of the Company.
Aug 21, 2018 07:00 am ET
NSM Insurance Group Announces New Excess & Surplus Lines Program, Specialty E&S
CONSHOHOCKEN, Pa., Aug. 21, 2018 /PRNewswire/ -- NSM Insurance Group, the national leader of industry-specific insurance program administration, announced today that it has launched an Excess & Surplus Lines start-up program, Specialty E&S, which will be led by insurance veteran Joseph Mossbrook.
Aug 07, 2018 08:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 7, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $924 and adjusted book value per share of $912 as of June 30, 2018. Book value per share and adjusted book value per share both increased 1% in the second quarter of 2018. Book value per share decreased 1% and adjusted book value per share was near break-even in the first six months of 2018, including dividends. Comprehensive income (loss) attributable to common shareholders was $3 million and $(45) million in the second quarter and first six months of 2018, c
Jun 25, 2018 04:20 pm ET
Build America Mutual Announces S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
Build America Mutual today announced that S&P Global Ratings completed
its annual review of the company and affirmed BAM’s AA rating and Stable
outlook, the strongest rating S&P assigns to any active insurer.
May 25, 2018 08:00 am ET
White Mountains to Hold 2018 Annual Investor Information Meeting on June 8, 2018
HAMILTON, Bermuda, May 25, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) will hold its annual Investor Information Meeting on:
May 21, 2018 05:00 am ET
NSM Insurance Group Acquires Fresh Insurance
CONSHOHOCKEN, Pa., May 21, 2018 /PRNewswire/ -- NSM Insurance Group announced today that their UK arm, Vantage Holdings, has acquired Fresh Insurance Services Group Limited. Fresh Insurance is an insurance broker based in Redditch, West Midlands that specializes in non-standard personal lines products, motor trade, van, and travel insurance. This is the second acquisition made by Vantage Holdings since it was acquired by NSM Insurance Group in December 2016 and forms an integral piece of their growth strategy of expanding in the UK insurance market.
May 11, 2018 08:00 am ET
White Mountains Announces Final Results Of Its Tender Offer
HAMILTON, Bermuda, May 11, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the final results of its "modified Dutch auction" tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on May 7, 2018.
May 08, 2018 08:00 am ET
White Mountains Announces Preliminary Results Of Its Tender Offer
HAMILTON, Bermuda, May 8, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the preliminary results of its "modified Dutch auction" tender offer to purchase up to 500,000 shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on May 7, 2018.
May 02, 2018 08:00 am ET
White Mountains Reports First Quarter Results
HAMILTON, Bermuda, May 2, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $916 and adjusted book value per share of $903 as of March 31, 2018. Book value per share and adjusted book value per share decreased 2% and 1% for the quarter, including dividends. Comprehensive loss attributable to common shareholders was $48 million in the first quarter of 2018, compared to comprehensive income attributable to common shareholders of $29 million in the first quarter of 2017.
Apr 16, 2018 08:00 am ET
BAM Announces Agreement to Expand Claims-Paying Resources by $100 Million
Build America Mutual, the only mutual insurer of U.S. municipal bonds,
today announced it will be adding to its strong internal capital growth
and expanding its claims-paying resources by $100 million through a
collateralized reinsurance agreement with Fidus Re Ltd., a
special-purpose insurer created solely to provide collateralized
reinsurance protection to BAM.
Apr 10, 2018 06:00 am ET
White Mountains To Commence Self-Tender Offer To Purchase Up To 500,000 Of Its Common Shares
HAMILTON, Bermuda, April 10, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it intends to commence a "modified Dutch auction" self-tender offer to purchase 500,000 of its common shares, or such lesser number of its common shares as are properly tendered and not properly withdrawn, at a purchase price of not greater than $875 or less than $825 per share, net to the seller in cash. The tender offer is expected to commence on April 10, 2018 and expire at 12:00 midnight, New York City time, at the end of the day on May 7, 2018, unless extended. White
Apr 02, 2018 08:00 am ET
White Mountains to Acquire a Majority Stake in NSM Insurance Group
HAMILTON, Bermuda, April 2, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that it has entered into an agreement to acquire a majority equity stake in NSM Insurance Group ("NSM"), a leading specialty insurance program administrator. The transaction values NSM at approximately $388 million. White Mountains intends to fund the acquisition through a combination of cash on hand and new debt issued by NSM.
Mar 02, 2018 07:00 am ET
Philip Gelston Elected To The White Mountains Board
HAMILTON, Bermuda, March 2, 2018 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Philip Gelston as a director of the Company.
Mar 02, 2018 07:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, March 2, 2018 /PRNewswire/ -- At its regular meeting held on March 1, 2018, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 28, 2018, to holders of record of Common Shares as of the close of business on March 19, 2018.
Feb 07, 2018 07:00 am ET
White Mountains Reports Fourth Quarter Results
HAMILTON, Bermuda, Feb. 7, 2018 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $931 and adjusted book value per share of $915 as of December 31, 2017. Book value per share increased 1% and 19% for the fourth quarter and year ended December 31, 2017, including dividends, and adjusted book value per share increased 1% and 16% for the fourth quarter and year ended December 31, 2017, including dividends.
Feb 05, 2018 03:15 pm ET
Kudu Closes $250 Million Investment from Oaktree and White Mountains
NEW YORK, Feb. 5, 2018 /PRNewswire/ -- Kudu Investment Management, LLC ("Kudu"), a leading capital provider to asset management and wealth management firms, announced today that it has closed a $250 million investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree"), the global alternative investment management firm, and from White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains"), the Bermuda-domiciled financial services holding company.
Nov 16, 2017 08:00 am ET
Easterly Partners Group Enters into a Strategic Partnership with White Mountains Insurance Group
NEW YORK and HAMILTON, Bermuda, Nov. 16, 2017 /PRNewswire/ -- Easterly Partners Group, an asset management holding company that owns stakes in third-party asset management businesses and assists them with strategic growth, and White Mountains Insurance Group, Ltd. (NYSE: WTM, "White Mountains"), a financial services holding company with approximately $3.6 billion in assets, announced today that they have entered into a strategic partnership.
Nov 08, 2017 08:00 am ET
White Mountains Reports Third Quarter Results
HAMILTON, Bermuda, Nov. 8, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $925 and adjusted book value per share of $906 as of September 30, 2017. Book value per share increased 17% and 18% for the third quarter and first nine months of 2017, including dividends, and adjusted book value per share increased 17% and 15% for the third quarter and first nine months of 2017, including dividends.
Oct 16, 2017 09:00 am ET
MediaAlpha, a White Mountains Company, Acquires Health & Life Business
HAMILTON, Bermuda, Oct. 16, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that its portfolio company, MediaAlpha, has acquired from Healthplans.com certain assets associated with its health and life insurance business. Terms of the transaction were not disclosed.
Oct 03, 2017 05:30 pm ET
White Mountains To Acquire 50% Stake in DavidShield
HAMILTON, Bermuda, Oct. 3, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it has entered into an agreement to acquire a 50% equity stake in DavidShield, its joint venture partner in PassportCard, and a leading provider of expatriate medical and other accident and health insurance coverages. Following closing of the transaction, White Mountains and Alon Ketzef, the founder of both DavidShield and PassportCard, will be 50/50 partners in both businesses. Terms of the transaction were not disclosed.
Sep 28, 2017 09:20 am ET
White Mountains Announces Completion Of OneBeacon Merger With Intact Financial
HAMILTON, Bermuda, Sept. 28, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the completion of the previously announced merger of OneBeacon Insurance Group, Ltd. (NYSE: OB) with a subsidiary of Intact Financial Corporation (TSX: IFC).
Sep 19, 2017 06:00 pm ET
White Mountains Announces Final Results Of Its Tender Offer
HAMILTON, Bermuda, Sept. 19, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the final results of its "modified Dutch auction" tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 14, 2017.
Sep 15, 2017 09:00 am ET
White Mountains Announces Preliminary Results Of Its Tender Offer
HAMILTON, Bermuda, Sept. 15, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today the preliminary results of its "modified Dutch auction" tender offer to purchase up to 500,000 shares. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on September 14, 2017.
Aug 25, 2017 08:30 am ET
Mary Choksi Elected To The White Mountains Board
HAMILTON, Bermuda, Aug. 25, 2017 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Mary Choksi as a director of the Company.
Aug 17, 2017 07:00 am ET
White Mountains To Commence Self-Tender Offer To Purchase Up To 500,000 Of Its Common Shares
HAMILTON, Bermuda, Aug. 17, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it intends to commence a "modified Dutch auction" self-tender offer to purchase 500,000 of its common shares, or such lesser number of its common shares as are properly tendered and not properly withdrawn, at a purchase price of not greater than $875 or less than $825 per share, net to the seller in cash. The tender offer is expected to commence on August 17, 2017 and expire at 12:00 midnight, New York City time, at the end of the day on September 14, 2017, unless extended.
Aug 04, 2017 09:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 4, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $798 and adjusted book value per share of $780 as of June 30, 2017.
May 02, 2017 05:25 pm ET
Reid Campbell to Become CFO of White Mountains
HAMILTON, Bermuda, May 2, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Reid T. Campbell will become its Chief Financial Officer on May 17, 2017. Mr. Campbell has served as a Managing Director of White Mountains Capital, Inc. since January 2004 and as the President of White Mountains Advisors LLC since January 2015. He joined White Mountains in 1994 and has served in a variety of financial management positions. Prior to joining White Mountains, Mr. Campbell spent three years with KPMG LLP.
May 02, 2017 05:23 pm ET
White Mountains to Vote in Favor of Intact's Acquisition of OneBeacon
HAMILTON, Bermuda, May 2, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) has entered into a definitive agreement to vote its shares of OneBeacon Insurance Group, Ltd. ("OneBeacon") in favor of Intact Financial Corporation's acquisition of 100% of OneBeacon for $18.10 per share in cash (the "Transaction"). White Mountains owns 75.7% of OneBeacon's outstanding common shares, representing 96.9% of the voting power.
May 02, 2017 05:21 pm ET
White Mountains Reports First Quarter Results
HAMILTON, Bermuda, May 2, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported March 31, 2017 book value per share of $793 and adjusted book value per share of $799. Book value per share and adjusted book value per share were each up 1% for the quarter, including dividends. Including the estimated net gain of $107 per share for the OneBeacon transaction, March 31, 2017 book value per share would be approximately $900 and adjusted book value per share would be approximately $906.
Mar 02, 2017 08:00 am ET
White Mountains Announces Election of Manning Rountree as CEO
HAMILTON, Bermuda, March 2, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced the election of Manning Rountree as Chief Executive Officer, effective immediately, succeeding Ray Barrette, who is retiring. Mr. Rountree has also been elected to the Company's Board of Directors.
Mar 02, 2017 08:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, March 2, 2017 /PRNewswire/ -- At its regular meeting held on March 1, 2017, the Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) declared a $1.00 per share annual dividend, payable in cash on March 29, 2017, to holders of record of Common Shares as of the close of business on March 20, 2017.
Feb 07, 2017 08:00 am ET
White Mountains Reports Fourth Quarter Results
HAMILTON, Bermuda, Feb. 7, 2017 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported December 31, 2016 book value per share of $790 and adjusted book value per share of $794. Book value per share and adjusted book value per share were both down 1% for the quarter and up 14% for the year, including dividends.
Nov 18, 2016 08:00 am ET
White Mountains Announces Additional Share Repurchase Authorisation
HAMILTON, Bermuda, Nov. 18, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that its Board of Directors authorised the Company to repurchase up to an additional 500,000 common shares, from time to time, subject to market conditions. This authorisation is in addition to the roughly 375,000 shares remaining under the Company's existing share repurchase authorization.
Nov 02, 2016 09:00 am ET
White Mountains Reports Third Quarter Results
HAMILTON, Bermuda, Nov. 2, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported September 30, 2016 book value per share of $797.65 and adjusted book value per share of $801.66. Book value per share and adjusted book value per share were both up 2% and 15% for the third quarter and first nine months of 2016, including dividends.
Aug 03, 2016 09:00 am ET
White Mountains Reports Second Quarter Results
HAMILTON, Bermuda, Aug. 3, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported June 30, 2016 book value per share of $781 and adjusted book value per share of $785. Book value per share was up 12% for both the second quarter and first six months of 2016, including dividends, while adjusted book value per share was up 11% and 12% for the second quarter and first six months of 2016, including dividends. Including the estimated gain of $16 per share for the Tranzact sale, which closed in July, book value per share would be approximately $797 and adjusted book value
Jul 07, 2016 11:00 am ET
OneTitle Announces New Financial Capacity for Large Transactions
NEW YORK, July 7, 2016 /PRNewswire/ -- OneTitle National Guaranty Company, Inc. (www.onetitle.com) today announced that as of July 1, 2016, OneTitle dramatically expanded both the company's capacity to insure large transactions and the protection OneTitle offers to policyholders. Under a new automatic facultative reinsurance agreement provided by a global reinsurer, each OneTitle policy—including both large and small commercial and residential transactions—will be directly and individually reinsured for all losses in excess of $250,000 for as long as the policy is in effect, at no additiona
May 27, 2016 09:00 am ET
White Mountains Reports Results Of Shareholder Vote
HAMILTON, Bermuda, May 27, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) Annual General Meeting of Members was held on May 26, 2016.
May 02, 2016 09:30 am ET
White Mountains Reports Adjusted Book Value Per Share Of $704
HAMILTON, Bermuda, May 2, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported an adjusted book value per share of $704 at March 31, 2016, up 0.9% for the quarter, including dividends. Adding the estimated gain of $90 per share for the Sirius Group sale, which closed in April, adjusted book value per share is approximately $794.
Apr 18, 2016 10:22 am ET
White Mountains Completes Sale of Sirius Group
HAMILTON, Bermuda, April 18, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that it has completed the sale of Sirius International Insurance Group, Ltd. to a subsidiary of CM International Holding Pte. Ltd., the Singapore-based investment arm of China Minsheng Investment Corp., Ltd. The gross estimated purchase price paid at the closing was $2,592 million. Approximately $160 million of this amount was used to purchase out of Sirius Group certain assets to be retained by White Mountains, including shares of OneBeacon. The transaction is estimated to
Feb 26, 2016 08:00 am ET
White Mountains Announces Additional Share Repurchase Authorisation
HAMILTON, Bermuda, Feb. 26, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that its Board of Directors authorised the Company to repurchase up to an additional 1,000,000 common shares, from time to time, subject to market conditions. This authorisation is in addition to the roughly 407,000 shares remaining under the Company's existing share repurchase authorisation.
Feb 26, 2016 08:00 am ET
White Mountains Declares Annual Dividend
HAMILTON, Bermuda, Feb. 26, 2016 /PRNewswire/ -- At its regular meeting held on February 25, 2016, the Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) declared a $1.00 per share annual dividend, payable in cash on March 30, 2016, to holders of record of Common Shares as of the close of business on March 21, 2016.
Feb 05, 2016 08:00 am ET
White Mountains Reports Adjusted Book Value Per Share Of $699
HAMILTON, Bermuda, Feb. 5, 2016 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported an adjusted book value per share of $699 at December 31, 2015, up 6.8% and 5.3% for the quarter and year ended December 31, 2015, including dividends. Adding the estimated gain of $84 per share for the previously announced Sirius Group sale, adjusted book value per share is approximately $783, up 18.0% for the year ended December 31, 2015, including dividends.
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.