White Mountains To Acquire Majority Stake In NSM Insurance Group
"White Mountains brings NSM strong financial backing and a long-term view of the business which will enable us to continue our organic and acquisition growth strategies both in the US and
"We are pleased to make this investment in NSM alongside the management team. The company is high quality and we believe there is tremendous opportunity to grow and expand the business," said
In the past 12 years NSM has completed over 18 transactions, launched 8 new program ventures and we are actively seeking insurance business both here in the US and in the
The transaction is expected to close by the end of the second quarter of 2018. The closing is subject to regulatory approvals and other customary closing conditions.
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For more than 27 years,
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