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Cravath, Willkie Lead Sale Of Majority Stake In Insurance Biz

By Jade Martinez-Pogue ( October 20, 2023, 1:32 PM EDT) -- Financial services holding company White Mountains Insurance Group Ltd. said Friday it has agreed to buy a majority stake in California homeowners insurance company Bamboo Ide8 Insurance Services LLC, with plans to invest roughly $285 million for a 70% stake in a deal built by Cravath Swaine & Moore LLP and Willkie Farr & Gallagher LLP....

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