White Mountains Acquires Majority Interest in Ark Insurance Holdings

White Mountains Acquires Majority Stake in Bamboo Ide8 Insurance Services

October 20, 2023

Financial Services

White Mountains Insurance Group agreed to acquire approximately a 70% majority stake in Bamboo Ide8 Insurance Services, LLC, investing about $285 million including primary capital to support growth. Bamboo, a tech- and data-enabled MGA serving over 100,000 California homeowners, will remain led by founder John Chu and management, and plans to expand beyond California with White Mountains as a capital partner.

The Carlyle Group to Acquire NSM Insurance Group from White Mountains

May 9, 2022

Insurance

White Mountains Insurance Group has signed a definitive agreement to sell NSM Insurance Group to investment funds affiliated with The Carlyle Group for $1.775 billion. Carlyle will partner with NSM's founder-led management team to pursue operational improvements, accretive M&A and strategic investments in technology and data & analytics; the deal is expected to close in the second half of 2022, subject to regulatory approvals.

Insignia Capital Group Invests in MediaAlpha in $350M Recapitalization

February 4, 2019

Marketing & Advertising

Insignia Capital Group has agreed to make a new investment in MediaAlpha through a recapitalization that values the company at approximately $350 million. White Mountains Insurance Group will remain a significant equity holder with a 42% fully-diluted stake; the deal is intended to accelerate MediaAlpha’s international expansion, technology investment, and entry into new vertical markets.

MEM Capital Acquires Mountain Life Insurance Company and Kentucky Home Life Insurance Company

August 14, 2024

Insurance

MEM Capital LLC of Greenwich, Connecticut has acquired Mountain Life Insurance Company and Kentucky Home Life Insurance Company; both carriers will continue to maintain their home offices and management team in Lexington, Kentucky. Mountain Life plans to begin offering annuity products, Jeff Breeze will remain President, and Benjamin Keslowitz will join as Board Chairman.

American Exchange Group Acquires White Mountain Footwear

January 17, 2023

Consumer Products

American Exchange Group has acquired White Mountain Footwear, a 40-year-old women’s footwear brand, to integrate its sourcing, manufacturing and management capabilities and expand distribution across the buyer’s existing retail channels. The acquisition will allow American Exchange Group to leverage synergies with its Aerosoles business, broaden product categories (including the Cliffs sister brand) and increase White Mountain’s reach into mass retailers and e-commerce.

BRP Group Acquires K&S Insurance Agency (White Hill Plaza, Inc.)

September 8, 2021

Insurance

BRP Group, Inc. (Baldwin Risk Partners) has entered into a definitive agreement to acquire substantially all of the assets of White Hill Plaza, Inc., which operates as K&S Insurance Agency, a Dallas, Texas-based insurance agency with approximately $19.7 million in annual revenue. The acquisition expands BRP Group's presence in Texas—adding construction-focused risk management expertise in the Dallas–Fort Worth market—and is expected to close around October 1, 2021, subject to customary conditions.