White Mountains earmarks $200mn a year for deals

White Mountains is set to continue buying up businesses as it seeks
to deploy the capital it gained from the sale of four entities
since 2015.
The US financial services holding company will spend $200mn
annually on new opportunities, although it expects these
deployments to be "lumpy", according to a proxy statement
filed yesterday.
Last week, White Mountains agreed to buy program administratorNSM Insurance Group for $368mn and last autumn bought Israeli
carrier DavidShield and, through its Medi