trending Market Intelligence /marketintelligence/en/news-insights/trending/iku_odw5usf3dod6mgiklq2 content esgSubNav
In This List

White Mountains acquires majority equity stake in NSM Insurance

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


White Mountains acquires majority equity stake in NSM Insurance

White Mountains Insurance Group Ltd. subsidiary White Mountains Catskill Holdings Inc. closed its acquisition of a 95% stake in NSM Insurance HoldCo.

In connection with the closing, a subsidiary of NSM Insurance refinanced its existing debt with about $100 million of new borrowings, which lessened White Mountains' net investment in NSM Insurance to $273 million.