White Mountains Insurance Group

White Mountains Insurance Group, Ltd. is a financial services holding company that specializes in property and casualty insurance and reinsurance. Headquartered in Hamilton, Bermuda, with a principal executive office in Hanover, New Hampshire, the company operates through several segments. The HG Global/BAM segment provides insurance for municipal bonds that finance public projects, along with reinsurance services. The NSM segment functions as a general underwriting agency for specialty property and casualty insurance across various sectors, including transportation and real estate. MediaAlpha, another segment, focuses on marketing technology that facilitates performance-based media transactions between advertisers and publishers. The Kudu segment offers capital solutions to asset managers and investment advisors for various financial needs, while the Other Operations segment provides insurance solutions for the travel industry and manages investment vehicles related to insurance-linked securities. White Mountains Insurance Group was incorporated in 1980 and continues to pursue value-oriented acquisitions within the insurance and financial services sectors.

Frank Bazos

Executive Vice President and Executive

Peter M. Carlson

Director

Giles E. Harrison

EVP and Chief Strategy Officer

5 past transactions

Ark Syndicate Management

Acquisition in 2020
Ark Syndicate Management underwrites a diversified and balanced portfolio of reinsurance and insurance business.

NSM Insurance Group

Acquisition in 2018
NSM Insurance Group has been developing, implementing, marketing and underwriting industry-specific insurance programs for niche markets. Using our NSM Program Development Model™ (DIME), they have built some of the industry’s most successful programs. NSM is continuously looking to provide a compelling mix of product and process to specific industry niches where we can achieve sustainable and renewable growth.

Kudu Investment Management

Funding Round in 2018
Kudu Investment Management LLC is a private equity and venture capital firm established in 2015 and based in New York, New York. The firm specializes in providing risk-sharing capital to asset and wealth management firms, focusing on ownership transfer, partner liquidity, management buyouts, and acquisition and growth financing. Kudu offers minority-stake equity investments, aiming to support managers seeking capital events while retaining their independence. As a registered investment adviser, Kudu Investment Management is dedicated to facilitating strategic financial solutions for its clients in the asset management sector.

{buzz

Seed Round in 2016
buzz is making it easier for people to manage, protect and move the things they love. With our cutting-edge app technology, we unlock a world of intelligent services to help customers move home and insure their possessions. buzzmove, our online price-comparison & booking service for moving home, has so far enabled quicker, easier moves for over 300,000 customers. Simply enter your details to be matched straight away with our trusted and certified moving partners - making your house move as straightforward as booking your next holiday. buzzsurvey, our industry-leading video survey app, connects home movers with fair, transparent quotes quickly and without hassle, thanks to a short video call. This revolutionary tech also lets our moving partners eliminate the time, cost and environmental impact of physical surveys. buzzvault is a simple solution to home insurance powered by mobile video, where you choose what’s insured and get a quote that accurately reflects that. buzzvault is a secure digital inventory of your home contents data, to make protecting your possessions stress free. Catalogue what you own in under 15 minutes, from the convenience of your smartphone. Based in the heart of Soho, London, buzz has so far raised over $14million in investment, including a $7.8million round led by White Mountains Insurance Group.

Vidado

Series C in 2016
Vidado offers a cloud-based solution that specializes in digitizing and enriching data from various sources, including paper documents. Its AI-driven platform enables enterprise businesses to extract and digitize data efficiently, making previously inaccessible information usable. By utilizing the industry's largest human-verified dataset, Vidado ensures that the data provided is both accurate and ready for automation. This combination of advanced technology and verified data allows businesses to meet the demands for speed and quality in data processing.
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