White Mountains Insurance Group Ltd. (WTM) said that its wholly owned subsidiary, White Mountains Solutions Holding Company, entered into a definitive agreement with American International Group Inc (AIG) to acquire American General Indemnity Company and American General Property Insurance Company from subsidiaries of American General.
As per the terms of the agreement, White Mountains Solutions will pay approximately $35 million. The transaction is expected to close during the third quarter of 2012, subject to customary closing conditions and regulatory approval from the Departments of Insurance in Illinois and Tennessee.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.