Hypothetically, if there were to be a problem in a WTM subsidiary, that cost $$ millions in lost revenue, along with attendant credibility issues, and the mess took a while to resolve, would those events likely affect WTM directly?
Hypothetically, which ONE were you refering to?
Hypotheticaly, Sirius International, a subsidiary of White Mountains RE.
OneBeacon is a train wreck and the stock price has tripled and more.... so go figure.
It's tough being a critical, know-it-all critic when the facts just won't support that deeply held opinion.