White Mountains renews $250M Outrigger Re sidecar; WTM commits $130M for 2024

WHITE MOUNTAINS INSURANCE GROUP LTD

Outrigger Re Ltd. renewed on similar terms as 2023 for Ark's global property catastrophe portfolio starting Jan 1, 2024.
Total investor capital: $250M, including $130M from White Mountains and remaining from new/continuing third-party investors.
Management cites new investor interest as recognition of Ark's strong execution in the ongoing hard market.

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