White Mountains Insurance, is a Bermuda-based holding company with US insurance and reinsurance. This company made possible other businesses such as Travelers Property Casualty, which makes up part of Citicorp. Last Monday, the US insurer White Mountains Insurance, decided to purchase the CGNU (the UK group) for $2.06 bn and an additional $1.1 bn loan as well. This sale was being arranged since last February and finally took place in recent news. Due to this business merge, …
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showed last 75 words of 424 total
…relevance within this article. Without this variable, it would have been impossible for the merging of these companies to take place. It also would have been difficult for a loan to take place or the advancement that will happen when they pool their resources together. White Mountains Insurance, decided to purchase the CGNU (the UK group) for $2.06 bn and an additional $1.1 bn loan as well. This is the main variable of the article. ------------------------------------------------------------------------ **Bibliography**