White Mountains cancels Helicon Re, citing market deterioration
White Mountains Re has acquired its Helicon Re retrocession sidecar Helicon Re Holdings for approximately $150m.
White Mountains said Helicon Re Holdings, parent of Helicon Reinsurance Company, had GAAP shareholders' equity of approximately $153m as of 30 November 2007.
In 2006 and 2007, Helicon Re provided
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