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Insurance Brokers M&A image Insurance Brokers M&A » By The Online Investor Staff, updated Thu., May. 6, 6:07 PM Recent mergers and acquisitions in the Insurance Brokers M&A category.

Slide #100. White Mountains Solutions Empire Insurance

Acquirer: White Mountains Solutions (NYSE:WTM)
Acquiree: Empire Insurance
Details: White Mountains Solutions Holding Company announced today that it had entered into a definitive agreement to acquire Empire Insurance Company; a runoff insurance subsidiary of Leucadia National Corporation (LUK). The transaction is expected to close during the second quarter of 2013 subject to customary closing conditions and regulatory approval from the New York Department of Financial Services.

White Mountains Insurance Group conducts its business primarily in four areas: municipal bond insurance, specialty insurance distribution, capital solutions for asset management firms, and other operations. Co.'s municipal bond insurance business is conducted through its subsidiary HG Global Ltd. and its reinsurance subsidiary HG Re Ltd. (collectively, HG Global). HG Global funds the startup of and provides reinsurance to Build America Mutual Assurance Company, a mutual municipal bond insurance company. Co.'s specialty insurance distribution business is conducted through its subsidiary NSM Insurance HoldCo, LLC and its subsidiaries. Co. provides capital solutions for asset management firms.

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Company Name: 
White Mountains Insurance Group Ltd
Stock buyback: 
WTM buyback
Website: 
www.whitemountains.com
Sector: 
Insurance Brokers
Number of ETFs Holding WTM: 
42
Total Market Value Held by ETFs: 
$399.98M
Total Market Capitalization: 
$3.71B
% of Market Cap. Held by ETFs: 
10.79%
 

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
WTM Stock Forecast

Based on Zacks ABR data;
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