White Mountains Insurance Group, Ltd.'s (NYSE: WTM) subsidiary White Mountains Re Ltd., has entered a definitive agreement to acquire Central National Insurance Company of Omaha from Drum Financial Corporation. The transaction is subject to the termination of the rehabilitation proceedings by the court and the approval of the Nebraska Department of Insurance. Pursuant to the agreement, White Mountains Re will pay approximately $5 million.
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White Mountains Re Ltd. is a wholly owned subsidiary of White Mountains Insurance Group, Ltd. 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.
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