White Mountains Insurance

A detailed Summary of White Mountains Insurance

White Mountains Insurance, is a Bermuda-based holding company with US insurance and reinsurance. This company made possible other businesses such as Travelers Property Casualty, which makes up part of Citicorp. Last Monday, the US insurer White Mountains Insurance, decided to purchase the CGNU (the UK group) for $2.06 bn and an additional $1.1 bn loan as well. This sale was being arranged since last February and finally took place in recent news.

Due to this business merge, White Mountains will change from a small company with $565 million in sales last year to a more prestigious company in the US insurance business. Although

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Approximate Word count = 425
Approximate Pages = 2 (250 words per page double spaced)

Category: Miscellaneous

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White Mountains Insurance

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