White Mountains Insurance Group to acquire a 70% stake in Bamboo Ide8 Insurance Services for $285m.

White Mountains Insurance Group, a financial services holding company, agreed to acquire a 70% stake in Bamboo Ide8 Insurance Services, a digital insurance distribution platform, for $285m. "We are pleased to make this investment alongside John and the Bamboo management team. Bamboo is delivering a much-needed insurance alternative to homeowners in California. Bamboo has strong momentum, and we look forward to supporting its continued growth," Chris Delehanty, White Mountains Head of M&A.