White Mountains to buy majority stake in Cali HO MGA Bamboo for $285mn

October 20, 2023

bamboo white mountains pie m&a.jpg

White Mountains has struck a deal to buy a majority interest in the Californian homeowners’ MGA Bamboo Ide8 Insurance Services for $285mn.

With the close of the deal, the Bermuda-based industry investor will acquire approximately 70% of Bamboo basic shares outstanding.

White

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Topics

M&A Homeowners' insurance Stocks MGAs/MGUs

Jairo Ibarra

Senior Reporter