White Mountains Insurance Group has agreed to offload a controlling stake in insurance distribution platform Bamboo to investment funds managed by CVC Capital Partners, in a deal valued at $1.75bn (€1.5bn). Bamboo operates as a data-driven platform focusing on the residential property market in California and Texas. The company's managing general agent business encompasses the entire placement process for its fronting and reinsurance partners, including product development, underwriting, marketing, polic ...