White Mountains Completes Sale of NSM
On August 1, 2022, White Mountains Insurance Group (NYSE: WTM) announced the completion of its sale of NSM Insurance Group to investment funds affiliated with Carlyle (NASDAQ: CG). This strategic move indicates a focus on optimizing its portfolio, although the company remains in a quiet period before releasing its second-quarter earnings. The transaction's details, including financial terms, were not disclosed, but it reflects White Mountains' ongoing efforts to enhance its market position.
- Completed sale of NSM Insurance Group, potentially enhancing financial flexibility.
- Focus on optimizing portfolio for future growth.
- No financial terms disclosed, leaving investors uncertain about the sale's impact.
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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).
White Mountains is in a quiet period until second quarter earnings are released.
Contact:
Rob Seelig
+1 (603) 640-2212
ir@whitemountains.com
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SOURCE White Mountains Insurance Group, Ltd.
FAQ
What was announced by White Mountains Insurance Group on August 1, 2022?
How does the sale of NSM Insurance Group affect White Mountains (WTM)?
What is Carlyle's relationship to the recent White Mountains transaction?
When will White Mountains release its second-quarter earnings?
What are the implications of the NSM Insurance Group sale for Carlyle (CG)?
