DCF Provides Fairness Opinion to OneBeacon Insurance Group, Ltd.
Transaction highlights Deloitte Corporate Finance fairness opinion capabilities
Deloitte Corporate Finance LLC (DCF) is pleased to announce its role as the fairness opinion provider to the special committee of the Board of Directors of OneBeacon Insurance Group Ltd. (OneBeacon), in its recent sale of its subsidiary, OneBeacon Holdings (Gibraltar) Limited, to White Sands Holdings (Luxembourg) S.a.r.l., a subsidiary of White Mountains Insurance Group, Ltd. (White Mountains) for approximately $25 million.
About OneBeacon and White Mountains
OneBeacon is a Bermuda-domiciled specialty insurance holding company that offers a range of specialty insurance products sold through select independent agents, regional and national brokers, wholesalers and managing general agencies. OneBeacon operates in the U.S. from its headquarters in Minnetonka, MN. The company is publicly traded on the New York Stock Exchange under the symbol “OB” and has over $6 billion of assets.
White Mountains is a financial services holding company with primary business interests in property and casualty insurance and reinsurance. The Company's corporate headquarters and its registered office are located in Hamilton, Bermuda and its principal executive office is located in Hanover, New Hampshire. The company is listed on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM" and reported total assets of $14.5 billion.