Striking A Balance

Slavin, Al
October 2011
Best's Review;Oct2011, Vol. 112 Issue 6, p24
Trade Publication
The article presents information on Allstate Insurance Co.'s acquisition of Esurance Inc. and its sister company, Answer Financial, which was announced on May 18, 2011. According to Ray Barrette, chairman and chief executive officer (CEO) of Esurance's parent company, White Mountains Insurance Group Ltd., the deal would leave White Mountains with 2 billion dollars in undeployed capital. The deal will also double its estimated market share of the direct auto channel to 4%.


Related Articles

  • Allstate's Good Hands Scoop Up Esurance, Answer Financial For $1B. Hemenway, Chad; Gilkey, Eric // National Underwriter / P&C;5/23/2011, Vol. 115 Issue 19, p7 

    The article reports on Allstate Corp., which enters a deal to buy Esurance Inc. and Answer Financial Inc. from White Mountains Insurance Group Ltd. It states that Allstate Corp. will buy the insurance agencies for about one billion dollars. Chief executive officer (CEO) of Allstate Corp. Thomas...

  • White Mountains Senior Partner Is New President and CEO. Amato, Keith // Best's Review;Dec2005, Vol. 106 Issue 8, p18 

    The article reports selection of Steven E. Fass as president and chief executive officer of White Mountains Insurance Group Ltd. Fass will remain as director of the company. Fass offers plenty of expertise founded on a 35-year career in the insurance industry. According to Fass, he is confident...

  • White Mountains Denies SAFECO Move. Maurice, Alex // National Underwriter / Property & Casualty Risk & Benefits Manag;10/09/2000, Vol. 104 Issue 41, p1 

    Deals with the denial of a news report by White Mountain regarding its move to acquire SAFECO company. Acquisition of CGU company by White Mountains; Why the company has no interest in acquiring SAFECO; How Bloomberg came up with the report.

  • Insurance group buys Consolidated.  // New Hampshire Business Review;06/18/99, Vol. 21 Issue 13, p31 

    Reports on White Mountains Insurance Group Inc.'s purchase of insurance holding company Consolidated International Group Inc. for $85 million.

  • CGU Deal Gets Mixed Review From Analysts. Maurice, Alex // National Underwriter / Property & Casualty Risk & Benefits Manag;10/02/2000, Vol. 104 Issue 40, p1 

    Comments on the acquisition of CGU's United States property-casualty insurance operations by White Mountains Insurance Group. Remarks from Byrne, chairman of White Mountains Group; Outside funding of the deal; Advantages of the deal for CGU.

  • White Mountains Mandates Lehman. Shaw, Joy C. // Bank Loan Report;10/02/2000, Vol. 15 Issue 39, p2 

    Focuses on the acquisition of CGNU Group's United States property and casualty insurance unit by White Mountains Insurance Group. Details on the deal; Pricing for the facility; Information on companies which have committed to the deal.

  • White Mountains diversifies book with deal to acquire Swedish insurer. Zolkos, Rood // Business Insurance;12/15/2003, Vol. 37 Issue 50, p19 

    White Mountains Insurance Group Ltd. has agreed to purchase Stockholm, Sweden-based insurance and reinsurance organization Sirius International Group from ABB Ltd. for approximately $425 million. The primary Sirius International Group companies include Scandinavian reinsurer Sirius International...

  • Safeco Enters Definitive Pact To Sell Life/Investments To Group Led By White Mountains Insurance And Berkshire/Hathaway.  // Insurance Advocate;3/22/2004, Vol. 115 Issue 11, p36 

    Reports on the agreement of Safeco Corp. to sell its life and investment operations to a group of investors led by White Mountains Insurance Group Ltd. and Berkshire Hathaway Inc. Value of the deal.

  • Change in ownership hits treaty. McLeod, Douglas // Business Insurance;4/5/2004, Vol. 38 Issue 14, p3 

    A unit of Gerling Global Reinsurance Corp. has asked a federal court to affirm an arbitration award cutting its reinsurance obligations to the U.S. insurer in runoff to reflect the impact of the insurer's acquisition by White Mountains Group Ltd. Gerling won the arbitration ruling imposing a 30...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics