White Mountains Insurance Group

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.

Frank Bazos

Executive Vice President and Executive

Giles Harrison

Executive Vice President and Chief Strategy Officer, Strategy

Manning Rountree

CEO

8 past transactions

Bamboo

Acquisition in 2023
Bamboo is an insurance service company established in 2018 and headquartered in Midvale, Utah. It specializes in providing innovative and customer-focused insurance solutions for non-affiliated insurance companies. Through its managing general underwriter, retail agency, and captive insurer, Bamboo offers a range of flexible and transparent insurance options, including home, personal property, fire, casualty, and flood insurance. By leveraging technology and data, Bamboo aims to adapt to the evolving needs of its customers and to enhance the overall insurance experience. The company is committed to delivering customer advocacy and transparency, ultimately transforming the insurance industry to be more straightforward and accessible. Its proprietary underwriting models, combined with advanced third-party technologies, contribute to achieving 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 simplify the process of comparing prices and reviews for home removal and moving services. By providing users with the ability to compare various removal companies, Buzzmove aims to enhance customer convenience in the removals industry. The platform not only assists in selecting the right mover but also offers moving guides and various deals, enabling customers to efficiently manage their relocation while ensuring the protection of their possessions. With a focus on customer service and technological innovation, Buzzmove seeks to make the moving experience easier and more accessible for individuals and families.

Vidado

Series C in 2016
Vidado, Inc. is a technology company that specializes in artificial intelligence-based enterprise software designed to extract and digitize inaccessible data for businesses. Founded in 2011 and based in Oakland, California, Vidado offers a comprehensive platform that automates the extraction of structured information from various sources, including paper documents, scans, faxes, emails, call centers, and web forms. The company's solutions enhance data recognition, handwriting recognition, and document workflows while ensuring compliance with enterprise security standards. Vidado also features Shreddr Technology, which validates information through machine-learning algorithms and crowd-guided verification. By leveraging cloud-native technology and the industry's largest human-verified dataset, Vidado provides automation-ready data that improves efficiency and accuracy across sectors such as insurance, finance, healthcare, government, and education. The company was formerly known as Captricity, Inc. and rebranded in January 2019. As of March 2020, Vidado 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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