White Mountains
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The MGA opened the door for potential growth via M&A besides organic growth, team hires and carrier carve-outs.
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The Bermudian investor already owned a 1% interest in the NY-based MGA platform.
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White Mountains invested $150mn in the retail platform earlier this year.
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This publication revealed last October that BroadStreet was seeking investors.
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The executive worked on projects with the firm when he was an investment banker.