White Mountains and Ark extend deadline for extra $200mn investment
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White Mountains and Ark extend deadline for extra $200mn investment

Bernard Goyder
June 29, 2021
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Ark White Mountains logo Bermuda.jpg

White Mountains has agreed with portfolio company Ark Insurance Holdings to push back the timeline for the specialty insurer to call on an extra $200mn investment from the Bermudian group from June 30 to August 16.

The extra investment would increase Ark’s capitalization from $800mn to $1bn and raise White Mountains’ stake in the business from 72% to 77%.

The

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NewsBermuda
BG
Bernard Goyder
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