White Mountains Re Ltd., a wholly owned unit of White Mountains Insurance Group Ltd. (WTM) said that through a subsidiary it had entered into a definitive agreement to acquire Central National Insurance Company of Omaha from Drum Financial Corp.
Under the terms of the deal, White Mountains Re will pay approximately $5 million. Central National's statutory surplus as of September 30, 2009 was $13.3 million. Among other conditions, the transaction is subject to the termination of the rehabilitation proceedings by the court and the approval of the Nebraska Department of Insurance.
Moreover, White Mountains Re anticipates the transaction to close during the first quarter of 2010.
For comments and feedback contact: editorial@rttnews.com
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.