Fitch affirms White Mountains

Fitch Ratings said it affirmed White Mountains Insurance Group, Ltd.'s issuer default rating at BBB+, along with the OneBeacon U.S. Holdings, Inc.'s issuer default rating at BBB+ and BBB rating on its $270 million 5.875% due May 15, 2013.

The agency also said it affirmed Sirius International Group, Ltd.'s issuer default rating at BBB+, BBB rating on its $400 million 6.375% due March 20, 2017 and BB+ rating on its $250 million perpetual non-cumulative preference shares.

The outlook is stable.

The ratings reflect the company's low financial leverage, favorable financial flexibility and opportunistic business approach, Fitch said.

The ratings also consider the company's sizable levels of run-off reserves and asbestos and environmental exposure, the agency said.

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