White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to investment funds affiliated with Carlyle for $1.775 billion. NSM Insurance Group is a US-based full-service managing general agent (MGA) and program administrator for specialty property and casualty insurance. It places insurance in niche sectors like social services, […]
Canadian property and casualty insurer, Intact Financial Corporation has entered into a definitive agreement and plan of merger to acquire leading US specialty insurer OneBeacon Insurance Group for $1.7 billion. Intact Financial OneBeacon Insurance Acquisition Deal As per the terms of the all-cash deal, Intact Financial will pay the shareholders of OneBeacon Insurance $18.10 cash […]
