Bermuda

White Mountains acquires run-off insurer

White Mountains Re, a subsidiary of Bermudian insurance group White Mountains, has acquired run-off insurer Central National Insurance Company of Omaha from Drum Financial Corporation for around $5m, the company said in a statement...

Validus prices offering

Bermuda-based reinsurance and insurance operation Validus Holdings, has priced a registered offering of $250m (£154m) aggregate principal amount of 8.875% notes that being sold to the public at a price of 98.71% of principal.

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