Stocks
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The shares expected to be bought back in the tender offer represent around 11.5% of White Mountains' shares outstanding as of August 19. -
The InsurTech’s stock price was down as much as 9% in after-hours trading following the announcement.
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A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.
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Berkley also increased its position in Global Indemnity and now owns around 8.5% of the firm.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The stock was down $5.91 early trading hours from its close of $32.22 on Monday.
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Pressure on the Californian insurer’s stock mounted this morning after it reported a Q2 11.7-point deterioration in its combined ratio to 106.6% yesterday.
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The shares are trading today at $98.56 per share, down 13.13% from yesterday's close.
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Inside P&C’s news team runs you through the key highlights of the week.
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Brokers may face pressure as the pricing cycle turns and estimates fail to keep up.
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Inside P&C’s news team runs you through the key developments from the past week.
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The past few weeks bring back bad memories of 2008, but many factors that triggered that crisis seem not to be in play this time around
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