Carlyle, a private equity firm, completed the acquisition of NSM Insurance, a provider of insurance broking and risk management services, from White Mountains Insurance, a diversified insurance and related financial services holding company, for $1.8bn. "The NSM team has done a tremendous job building a market-leading specialty insurance distribution platform. It has been our pleasure to partner with them along the way. This transaction is a win for both White Mountains shareholders and NSM management and employees. We want to thank Geof, Bill, Marc, Jonathan and the entire NSM team for all of their hard work. NSM is well positioned going forward, and we wish them continued success," Manning Rountree, White Mountains CEO.