White Mountains Completes Sale of NSM
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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.
White Mountains Insurance Group Ltd.
NYSE:WTM
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4.68B
2.45M
2.97%
90.05%
1.3%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
United States of America
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