OneBeacon another lucrative exit for White Mountains

The 1.65x sale multiple White Mountains secured for OneBeacon
has once again demonstrated the holding company's prowess in
selling on insurance assets at a profit.
Last night, the Hanover, New Hampshire-based firm announced that
it had agreed to sell its controlling stake in OneBeacon to
Canada's largest P&C carrier Intact Financial for $1.7bn,
equivalent to $18.10 per share.
The deal also represented a 15 percent uplift to the
insurer's $15.70 closing share price yesterday in New York, and