Summary
White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through five segments: HG Global/BAM, Ark, NSM, Kudu, and Other Operations. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services. The Ark segment writes a portfolio of reinsurance and insurance, including property, marine and energy, accident and health, casualty, and specialty products. The NSM segment operates as a managing general agent and program administrator for specialty property and casualty insurance to various sectors comprising specialty transportation, real estate, social services, and pet. The Kudu segment provides capital solutions to boutique asset and wealth managers for generational ownership transfers, management buyouts, acquisitions and growth finances, and legacy partner liquidity, as well as strategic assistance to investees. The Other Operations segment offers insurance solutions to travel industry through broker channel and on a direct-to-consumer basis; and manages separate accounts and pooled investment vehicles for insurance-linked securities sectors, including catastrophe bonds, collateralized reinsurance investments, and industry loss warranties of third-party clients. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.
History
White Mountains Insurance Group was founded in 1967 to provide insurance and reinsurance products to clients in the United States and overseas. The company has grown to become a global provider of insurance and reinsurance products, with subsidiaries in the United Kingdom, Bermuda, Ireland, Switzerland, Germany and the United States. White Mountains Insurance Group has also made strategic investments in financial services companies.
Mission
White Mountains Insurance Group strives to provide our customers with the highest quality insurance and reinsurance products, backed by trusted and knowledgeable service, delivered with integrity and innovation.
Vision
White Mountains Insurance Group is committed to becoming a world-class leader in our chosen markets and in the worldwide insurance and reinsurance industry.
Key Team
Mr. Robert Lawrence Seelig (Exec. VP, Gen. Counsel & Investor Relation)
Mr. Liam P. Caffrey (Exec. VP & CFO)
Mr. David Grant Staples (Head of Tax)
Ms. Jennifer L. Moyer (Chief Admin. Officer & Corp. Sec.)
Mr. Michael Papamichael (Managing Director)
Mr. Jonathan Adam Cramer (Chief Investment Officer)
Mr. Dennis Beaulieu (Treasurer)
Recognition and Awards
White Mountains Insurance Group has been recognized by Insurance Business and Risk & Insurance magazines as one of the top insurers and reinsurers in the world. In 2016, White Mountains Insurance Group won the Insurance Innovation Award at the 2016 Finance & Insurance Conference and Awards in London.
References
Bermuda 