White Mountains Solutions Holding Company has agreed to acquire Empire Insurance Company, a runoff insurance subsidiary of Leucadia National Corporation.
White Mountains Solutions Holding Company is a wholly owned subsidiary of White Mountains Insurance Group, Ltd., and the group's specialist runoff acquisition operation. White Mountains Insurance Group, Ltd. is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol WTM.
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.
Learn more: www.whitemountains.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].