White Mountains Insurance Group Ltd 8-K, filed Sep 13, 2021
White Mountains Insurance Group Ltd (WTM)
8-K
2021-09-13
For: 2021-09-08
View Original
Added on
April 04, 2026
About this 8-K
White Mountains Insurance Group Ltd filed this 8-K on September 13, 2021, reporting on events of September 8, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission file number) | (I.R.S. Employer Identification No.) | ||||||
(Address of principal executive offices)
(603 ) 640-2200
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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| per share | Bermuda Stock Exchange | |||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
ITEM 8.01 Other Events.
On September 8, 2021, Group Ark Insurance Limited, a wholly owned subsidiary of Ark Insurance Holdings Limited (“Ark”) and a subsidiary of White Mountains Insurance Group, Ltd. (“White Mountains”), issued $70.0 million of floating rate subordinated notes due in 2041 (the “Notes”) via a private placement. The Notes qualify as Tier 2 capital under Bermuda’s solvency capital regime. The Notes are in addition to the previously disclosed €39.1 million of notes issued on July 13, 2021 and the $47.0 million of notes issued on August 11, 2021. In connection with the issuance of the Notes, White Mountains and Ark have terminated White Mountains’s commitment to provide up to $200.0 million of additional capital to Ark at Ark’s option.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| WHITE MOUNTAINS INSURANCE GROUP, LTD. | ||||||||||||||
| 9/13/2021 | By: | /s/ MICHAELA J. HILDRETH Michaela J. Hildreth Managing Director and Chief Accounting Officer | ||||||||||||
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