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White Mountains Insurance Group, Ltd. Message Board

  • snogreen snogreen Oct 13, 2011 7:07 AM Flag

    took only 22 days?

    I thought tis was kind of od. WTM announced in September they were realigning all their reinsurance business, and to bering various subsidiaries..worldwide....all under one name and one entity - Sirius Group.

    This is all fine and good. But what strikes me is why thge rush? Between time announced and time completed, it took WTM a mere 22 business days to do this. They had to roll up these subsidiaries....all with different names, different accounts, some in different countries..to get a legal papers filed with regulatory plaves..probably in every country they operate in....and maybe even in every State they do business in.....and they did this in 22 business days? NOTHING goes fast with regulators and paperwwork. Even if it is just "in name" only change.

    I dunno...just seems odd that WTM did a full court press to get this done in 22 days...when there seems no reson I can see.....of why it had to be done in "warp speed".

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