Anthony R. O’Donnell // October 31, 2023 
(Image source: Bamboo homepage.)
White Mountains Insurance Group, Ltd. (Hamilton, Bermuda) has announced that it has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC (Midvale, Utah), an MGA focused on the California homeowners insurance market. White Mountains expects to invest approximately $285 million, including primary capital to support Bamboo’s growth, and to acquire approximately 70 percent of Bamboo basic shares outstanding.
Chris Delehanty, Head of M&A, White Mountains Insurance Group.
Bamboo was launched in 2018 by insurance industry