Private equity firm Carlyle Group Inc told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd for $1.78 billion in cash. Carlyle said the deal is expected to close in the second half of this year. The transaction is expected to add $280… Continue reading Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal
Tag: White Mountains Insurance Group
White Mountains Acquires Minority Stake in ILS Manager, Elementum Advisors
White Mountains Insurance Group, Ltd. has acquired a minority equity stake in insurance and reinsurance linked asset manager, Elementum Advisors, LLC. Terms of the deal were not disclosed. However, our sister publication, Artemis reported on April 18th 2019 that Elementum was selling a 30% stake to White Mountains. White Mountains is known for buying stakes… Continue reading White Mountains Acquires Minority Stake in ILS Manager, Elementum Advisors