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White Mountains posts $373 million loss in third quarter

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Bermuda-based insurer White Mountains Insurance Group Ltd reported a loss of $373 million in the third quarter of the year as compared to $237 million income in the year-ago comparable period, Reinsurance News reported. White Mountains’ property and casualty reinsurance and insurance arm Ark Insurance Holdings Ltd. recorded 79% year-on-year growth in gross written premium to $162 million.

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