White Mountains Solutions Holding announced that it had entered into a definitive agreement to acquire Empire Insurance Company; a runoff insurance subsidiary of Leucadia National Corporation, or LUK. The transaction is expected to close during the second quarter of 2013 subject to customary closing conditions and regulatory approval from the New York Department of Financial Services. White Mountains Solutions Holding Company is a wholly owned subsidiary of White Mountains Insurance Group and the group's specialist runoff acquisition operation.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?