White Mountains Completes Its Purchase of Sirius
NU Online News Service, April 19, 1:45 p.m. EDT?Bermuda-based insurer White Mountains Insurance Group said it has completed its previously reported purchase of Sirius Insurance Group, a Swedish insurance and reinsurance unit of Zurich, Switzerland-based manufacturing giant ABB Ltd.[@@]
The purchase, first announced last December, is reported to have cost $425 million. Sirius employs some 200 workers at its three major units: Sweden-based Sirius International, Sirius America and Scandinavian Reinsurance.
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