White Mountains Insurance Group, Ltd. is a financial services holding company headquartered in Hamilton, Bermuda, with a principal executive office in Hanover, New Hampshire. The company operates through several subsidiaries, providing a range of insurance services primarily in the United States. Its operations are divided into four main segments: HG Global/BAM, which offers insurance for municipal bonds and reinsurance protection; NSM, a general underwriting agency specializing in property and casualty insurance for sectors such as specialty transportation and real estate; MediaAlpha, a marketing technology platform that facilitates programmatic media buying and selling; and Kudu, which provides capital solutions for asset managers and registered investment advisors. Additionally, the Other Operations segment delivers insurance solutions for the travel industry and manages investment vehicles for insurance-linked securities. Established in 1980, White Mountains focuses on value-oriented acquisitions and the management of its diverse insurance and financial assets.
Executive Vice President and Chief Strategy Officer, Strategy
Manning Rountree
CEO
8 past transactions
Bamboo
Acquisition in 2023
Bamboo is an insurance service company that aims to simplify and enhance the insurance experience for non-affiliated insurers. Established in 2018 and headquartered in Midvale, Utah, Bamboo operates as a managing general underwriter, retail agency, and captive insurer, providing flexible and transparent insurance solutions. The company focuses on customer advocacy and offers a range of products, including home, personal property, fire, casualty, and flood insurance. By leveraging technology and data, Bamboo addresses the evolving needs of its clients, striving to transform the insurance industry into a more customer-centric and transparent sector. Its proprietary underwriting models, combined with advanced third-party technologies, yield superior underwriting results.
Pie Insurance
Series D in 2022
Pie Insurance, established in 2017 and headquartered in Washington D.C., specializes in providing workers' compensation insurance services to small businesses via an online platform. The company offers A.M. Best A-rated insurance coverage, including protection against illness, injury, disability, and death. Pie Insurance employs data analytics and user-friendly online features to accurately assess risks, enabling them to offer competitive pricing and enhance transparency for their clients. The company, led by co-founder and CEO John Swigart, began selling policies directly to customers in 2018 and aims to expand its offerings and strategic initiatives to better serve small business owners.
Ark Syndicate Management
Acquisition in 2020
Ark Syndicate Management is a London-based provider of reinsurance and insurance underwriting services. The company specializes in underwriting a diversified portfolio that includes property, accident, health, energy, marine insurance, and political risks. By maintaining a balanced approach to its offerings, Ark Syndicate Management aims to effectively address various risks within the reinsurance and insurance sectors. Its comprehensive range of services positions the company as a key player in the industry, catering to a wide array of clients and their specific insurance needs.
NSM Insurance Group
Acquisition in 2018
NSM Insurance Group specializes in developing and underwriting industry-specific insurance programs tailored to niche markets. The company provides insurance intermediary services for commercial property and casualty insurance firms, focusing on sectors such as special transportation, social services, real estate, and pet insurance. NSM manages the entire placement process, which includes product development, marketing, underwriting, policy issuance, and claims management. By employing its NSM Program Development Model, the company aims to deliver a compelling mix of products and processes that facilitate sustainable growth while addressing the unique risk management needs of its clients.
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 finance. Kudu offers solutions for managers seeking a capital event while maintaining their independence, primarily through minority-stake equity investments. As a Registered Investment Adviser, Kudu Investment Management aims to support the growth and sustainability of its clients in the asset management industry.
Buzzmove
Seed Round in 2016
Buzzmove is a technology-driven company that operates an online platform designed to facilitate the comparison of pricing and reviews for home removal and moving services. By providing an easy-to-use interface, Buzzmove aims to simplify the moving process for users, allowing them to make informed decisions when selecting removal services. The platform not only offers comparisons of various removal companies but also includes resources such as moving guides and options for insuring possessions. With a focus on enhancing convenience, Buzzmove integrates expert insights and customer support to help users navigate the complexities of moving.
Vidado
Series C in 2016
Vidado, Inc. is a technology company that specializes in artificial intelligence-based enterprise software focused on extracting and digitizing inaccessible data. Its platform leverages cloud-native technology and machine learning to convert information from various sources, including paper documents, scans, faxes, emails, call centers, and web forms, into structured digital data. Vidado aims to enhance data recognition by automating document workflows and providing handwriting recognition capabilities. The company also offers Shreddr Technology, which processes data using machine-learning algorithms combined with human verification. This approach allows organizations to improve efficiency and accuracy while ensuring compliance with relevant security frameworks. Vidado serves a diverse range of sectors, including insurance, finance, healthcare, government, non-profit, and education. Founded in 2011 and headquartered in Oakland, California, Vidado was previously known as Captricity, Inc. before rebranding in January 2019. As of March 2020, it operates as a subsidiary of SS&C Technologies Holdings, Inc.
American Fuji Fire and Marine Insurance Company
Acquisition in 2012
American Fuji Fire and Marine Insurance Company provides insurance services.
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