NEW YORK, NY, October 29, 2001-Folksamerica, a broker-market reinsurance company headquartered in New York City, announced that it will receive additional support from its parent company which will boost its capital to the $1 billion level. This doubles the size of the company and will greatly
Company seeking insurance professionals experienced with state's no-fault system BOSTON – Undaunted by the unique challenges of the New York auto insurance market, a new Limited Assignment Distribution (LAD) servicing carrier, a division of OneBeacon Insurance Group, has stepped forward to handle
BOSTON – OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), announced today it is creating a new Limited Assignment Distribution (LAD) servicing carrier to handle New York Automobile Insurance Plan business.
(Boston, MA – September 14, 2001) - OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE ticker WTM), today released its estimate for losses resulting from Tuesday's tragedies. Pre-tax losses for OneBeacon and Folksamerica Re could reach $175 million,
(OLDWICK, N.J., Sept. 6, 2001) -A.M. Best Co. today announced that the financial strength rating of A (Excellent) for the insurance subsidiaries of OneBeacon, Boston, Mass., (formerly CGU Insurance Companies Group) remains unchanged following the recent announcement of a partnership between Liberty
Liberty Mutual to Assume OneBeacon's Business & Operations in 42 States (Boston, MA – September 5, 2001) - Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE ticker: WTM), have reached an agreement in principle to enter into a partnership
HAMILTON, Bermuda, August 23, 2001 - White Mountains Insurance Group, Ltd.'s Annual General Meeting of Shareholders was held on August 23, 2001 at which a quorum was present either in person and/or represented by proxy. Shareholders, by a majority vote of no less than 90% of the shares entitled to
White Mountains Insurance Group is pleased to announce their 2001 Annual Investor Meeting. All are welcome to attend, in person or via live or recorded webcast. Please follow the instructions below to join in via one of these methods. Event Date: Friday August 24, 2001 10 a.m. EDT All are welcome.
HAMILTON, Bermuda, July 25, 2001 - As a result of White Mountains' acquisition of OneBeacon Insurance Group (formerly CGU Insurance Group) on June 1, 2001, White Mountains' second quarter results will include the operations of OneBeacon for the one-month period ended June 30, 2001.
HAMILTON, Bermuda, June 12, 2001 – With the closing of the OneBeacon (formerly CGU) acquisition, a number of officers of the White Mountains Insurance Group have assumed new duties. Jack Byrne, formerly CEO of White Mountains, will no longer be an officer of White Mountains, but remains on the