Ark and White Mountains cancel $200mn investment deal
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Ark and White Mountains cancel $200mn investment deal

James Thaler
September 13, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Ark White Mountains logo Bermuda.jpg

White Mountains and Ark have terminated a plan for White Mountains to increase its stake in the specialty insurer, after Ark raised $70mn in debt last week.

In a securities filing on Monday, White Mountains said Ark had issued the subordinated notes – which qualify as Tier 2 capital, according to Bermuda’s solvency regime – last week.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsBermudaM&A
JT
James Thaler
Gift this article