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White Mountains Insurance Group, Ltd. - WTM STOCK NEWS

Welcome to our dedicated news page for White Mountains Insurance Group, Ltd. (Ticker: WTM), a resource for investors and traders seeking the latest updates and insights on White Mountains Insurance Group, Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect White Mountains Insurance Group, Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of White Mountains Insurance Group, Ltd.'s position in the market.

News
GILES HARRISON TO JOIN WHITE MOUNTAINS AS EVP AND CHIEF STRATEGY OFFICER; LIAM CAFFREY NAMED PRESIDENT
Rhea-AI Summary
White Mountains Insurance Group, (NYSE: WTM) appoints Giles Harrison as Executive Vice President and Chief Strategy Officer, and Liam Caffrey as President. Harrison brings extensive insurance and financial experience from Zurich Insurance Company White Mountains aims to enhance shareholder value through these strategic appointments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.15%
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News
White Mountains Declares Annual Dividend
Rhea-AI Summary
White Mountains Insurance Group, Ltd. (WTM) announces a $1.00 per share annual dividend for Common Shareholders, payable on March 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
dividends
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News
Reid T. Campbell Elected to the White Mountains Board
Rhea-AI Summary
White Mountains Insurance Group, Ltd. appoints Reid T. Campbell as a director after his retirement as President, acknowledging his significant contributions to the company over thirty years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
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none
News
ZACHARY MATTLER JOINS WHITE MOUNTAINS PARTNERS AS PRINCIPAL
Rhea-AI Summary
White Mountains Partners welcomes Zack Mattler as Principal, bringing extensive experience in deal execution and team development. The company aims to be a patient and flexible capital partner to family, founder, and entrepreneur-owned businesses in various sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
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News
WHITE MOUNTAINS REPORTS FOURTH QUARTER RESULTS
Rhea-AI Summary
White Mountains Insurance Group, Ltd. (NYSE: WTM) reported strong financial performance in the fourth quarter of 2023, with a 7% increase in book value per share. The company's total comprehensive income attributable to common shareholders was $288 million in the fourth quarter and $511 million for the year ended December 31, 2023. The company's investment portfolio saw a significant increase, and it redeployed $130 million into Outrigger Re for the coming year. The company's Other Operations reported pre-tax income of $94 million and $113 million in the fourth quarter and year ended December 31, 2023 compared to $(8) million and $(198) million in the fourth quarter and year ended December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
earnings
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News
White Mountains Renews Lead Commitment in Ark-Sponsored Reinsurance Sidecar
Rhea-AI Summary
White Mountains Insurance Group, Ltd. (NYSE: WTM) has announced the renewal of Outrigger Re Ltd. for business incepted during calendar year 2024. Outrigger has received $250 million of total investor capital for January 1, including $130 million from White Mountains. The remaining capital was provided by new and continuing third-party investors. The renewal is on similar terms as were in effect for calendar year 2023. Outrigger, a reinsurance sidecar, has again entered into a quota share with Ark to provide collateralized reinsurance protection on a portion of Ark Bermuda's global property catastrophe portfolio beginning on January 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
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none
News
Sage Advisory Services Adds Kudu Investment Management as Minority Partner
Rhea-AI Summary
Sage Advisory Services, Ltd. (Sage) and Kudu Investment Management, LLC (Kudu) have announced that Kudu has made a minority investment in Sage. Sage, based in Austin, Texas, manages fixed income and global asset allocation strategies with over $23 billion in client assets under management and advisement. Kudu, a provider of permanent capital solutions to independent asset and wealth managers, has made investments in 26 asset and wealth managers worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
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News
WHITE MOUNTAINS REPORTS THIRD QUARTER RESULTS
Rhea-AI Summary
White Mountains Insurance Group, Ltd. reported a 1% increase in book value per share and adjusted book value per share in Q3 2023. The company's comprehensive income attributable to common shareholders was $23 million in Q3 2023 compared to $890 million in Q3 2022. BAM's gross written premiums and member surplus contributions decreased in Q3 2023 compared to Q3 2022. Ark/WM Outrigger reported a combined ratio of 77% in Q3 2023. Kudu's total revenues and pre-tax income decreased in Q3 2023 compared to Q3 2022. White Mountains did not repurchase any of its common shares in Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
earnings
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News
WHITE MOUNTAINS LAUNCHES WHITE MOUNTAINS PARTNERS
Rhea-AI Summary
White Mountains Insurance Group has launched a new business unit called WM Partners, which will provide capital to family, founder, and entrepreneur-owned businesses. John J. Daly, former founding member and principal of Alleghany Capital, has been appointed as CEO and Managing Partner of WM Partners. The business aims to establish majority positions in companies with $10 to $50 million of EBITDA and plans to deploy up to $500 million of equity capital over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
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News
White Mountains to Acquire a Majority Stake in Bamboo
Rhea-AI Summary
White Mountains Insurance Group to acquire majority stake in Bamboo Ide8 Insurance Services
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
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acquisition
Stock WTM logo
White Mountains Insurance Group, Ltd.

NYSE:WTM

WTM Rankings

#1258 Ranked by Market Cap
#1956 Ranked by Stock Gains
#2101 Ranked by Dividends

WTM Stock Data

4.33B
2.45M
2.97%
90.05%
1.3%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Hanover

About WTM

white mountains insurance group, ltd., through its subsidiaries, provides insurance services in the united states. the company operates through four segments: hg global/bam, nsm, mediaalpha, kudu, and other operations. the hg global/bam segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. the nsm segment operates as a general underwriting agency and program administrator for specialty property and casualty insurance to sectors, such as specialty transportation, social services, and real estate. the mediaalpha segment operates mediaalpha, a marketing technology that enables programmatic buying and selling of vertical specific, performance-based media between advertisers, and publishers through cost-per-click, cost-per-call, and cost-per-lead pricing models. the kudu segment provides capital solutions to asset managers and registered investment advisors for g