Artemis ILS NYC 2020

Menu

Reinsurance News

White Mountains acquires minority stake in P&C insurer Noblr

8th January 2019 - Author: Charlie Wood

Bermuda domiciled financial services holding company White Mountains Insurance Group has acquired a minority equity stake in property and casualty insurance provider Noblr.

white-mountains-insurance-logoA new company, Noblr provides consumers with real-time insurance rates and real-time feedback on driving behavior by leveraging telematics and Noblr’s own proprietary technology.

Gary Tolman, Noblr’s co-founder, commented, “The Noblr team and I are very excited to bring this new company to life, offering consumers more control over what they pay for car insurance, and also, perhaps more significantly, more control over their relationship with their insurer.”

“We are pleased to have White Mountains’ support, providing us with the additional know-how and financial support to scale quickly and intelligently.”

Tolman resigned from his position on the White Mountains Board of Directors, a role he had held since 2015, prior to this investment in Noblr.

Manning Rountree, Chief Executive Officer of White Mountains, said, “We will miss Gary’s experienced voice on the White Mountains board, but we are excited to partner with him again in the Noblr endeavor.”

“The Board thanks Gary for his many contributions to White Mountains over the years.”

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
Amynta Group acquires ClearView Risk Holdings

Amynta, a group created in 2018 from Madison Dearborn Partners’ acquisition of a number of AmTrust Financial Services U.S fee...

Close