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New Deal


Announced

Fortitude Re to acquire Plans’ Liability Insurance Company from White Mountain Insurance.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Property and Casualty Insurance

Domestic

property and casualty insurance

Majority

United States

Pending

Private

Acquisition

Single Bidder

Friendly

Synopsis

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Fortitude Re, a composite reinsurer, agreed to acquire Plans’ Liability Insurance Company, a licensed property & casualty insurer, from White Mountain Insurance, a financial service holding company. Financial terms were not disclosed. This acquisition enables Fortitude Re to provide enhanced transactional flexibility and additional structural solutions to clients.

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