MIDVALE, Utah, April 8, 2025 /PRNewswire/ -- Sutton Specialty Insurance Company and Sutton National Insurance Company (together "Sutton National") and Bamboo Ide8 Insurance Services, LLC. ("Bamboo"), a subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), announced the renewal of Bamboo's reinsurance program, which included the successful closing of the Greengrove Re Ltd. Series 2025-1 catastrophe bond and the execution and funding of the Greenshoots Re Ltd. Series 2025-1 sidecar transaction.

NEW YORK, April 1, 2025 /PRNewswire/ -- White Mountains Partners ("WMP"), a White Mountains operating company, announced today that it has acquired a majority interest in Enterprise Electric, LLC d/b/a Enterprise Solutions ("Enterprise Solutions" or the "Company"), a leading provider of specialty electrical contracting services.  Founded in 2003 and headquartered in Nashville, Tennessee, the Company designs, engineers, prefabricates, and installs the electrical infrastructure for the built environment serving customers across several commercial and institutional end markets, including healthcare, manufacturing, education, and data centers.

HAMILTON, Bermuda, Feb. 28, 2025 /PRNewswire/ -- At its regular meeting held on February 27, 2025, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 26, 2025, to holders of record of Common Shares as of the close of business on March 17, 2025. 

About White Mountains

White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM" and WTM.BH, respectively. Additional financial information and other items of interest are available at the Company's web site located at www.whitemountains.com.

HAMILTON, Bermuda, Feb. 7, 2025 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,746 and adjusted book value per share of $1,834 as of December 31, 2024.  Book value per share and adjusted book value per share both decreased 3% in the fourth quarter of 2024 and increased 6% and 8%, respectively, in the year ended December 31, 2024, including dividends. 

Manning Rountree, CEO, commented, "ABVPS was down 3% in the quarter, driven primarily by mark-to-market declines in our investment portfolio, including our position in MediaAlpha.  On a full-year basis, ABVPS was up 8%, driven by solid results at our operating companies and positive returns in our investment portfolio.  In the quarter, Ark produced a 77% combined ratio and $264 million of gross written premiums, up 14% year-over-year.  HG Global generated $18 million of gross written premiums, driven by strong primary market volume at BAM.  Kudu had a tough quarter, impacted by rising interest rates and a strengthening dollar, but delivered solid results for the full year and saw the value of its portfolio of participation contracts cross the $1 billion threshold.  Bamboo had another strong quarter, with managed premiums and adjusted EBITDA up significantly year-over-year.  MediaAlpha's share price declined 38% in the quarter, producing a $122 million mark-to-market loss on our position.  Excluding MediaAlpha, investment returns were down slightly in the quarter but up 6.5% for the year, a solid result.  Undeployed capital stands at roughly $700 million, including the proceeds of our recent debt recap at Bamboo." 

SAN FRANCISCO and NEW YORK, Jan. 14, 2025 /PRNewswire/ -- Homestead Capital USA LLC (Homestead), an asset manager focused on strategic investments in U.S. farmland, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to asset and wealth managers globally, today announced that Kudu has made a passive, minority investment in Homestead. Financial terms were not disclosed.

WEST PALM BEACH, Fla. and NEW YORK, Dec. 4, 2024 /PRNewswire/ -- RiverNorth Capital Management, LLC (RiverNorth), an investment manager  that specializes in opportunistic strategies and closed-end funds, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to asset and wealth managers globally, today announced that Kudu has made a passive, minority investment in RiverNorth to support the firm's growth. Financial terms were not disclosed.

Founded in 2000, RiverNorth manages $5.2 billion of assets in registered funds, private funds and separately managed accounts that seek to identify and profit from inefficiencies in niche markets. With offices in West Palm Beach, Florida, and Chicago, RiverNorth remains majority employee-owned and controlled. Patrick Galley, CEO and chief investment officer, continues to lead the firm.

HAMILTON, Bermuda, Nov. 6, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) reported book value per share of $1,795 and adjusted book value per share of $1,883 as of September 30, 2024.  Book value per share and adjusted book value per share increased 4% and 6% in the third quarter of 2024 and 9% and 11% in the first nine months of 2024, including dividends. 

As of July 1, 2024, White Mountains no longer consolidates BAM.  As of September 30, 2024, the BAM surplus notes were fair valued in accordance with GAAP at $411 million, which resulted in a pre-tax unrealized loss to book value of $99 million in the third quarter.  As of June 30, 2024, for adjusted book value purposes, the BAM surplus notes were valued at $415 million, including an $87 million time value discount. 

SAUSALITO, Calif. and NEW YORK, Oct. 22, 2024 /PRNewswire/ -- Revelation Partners (Revelation), a leading investment manager in the healthcare secondaries market, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers worldwide, today announced that Kudu has made a minority investment in Revelation. Financial terms were not disclosed.

Sausalito, California-based Revelation manages more than $1.5 billion of committed capital and provides liquidity and growth capital to investors, companies, limited partners and general partners across the private healthcare market.

With a three-year revenue growth of 309 percent, Bamboo Insurance ranks among America's Fastest-Growing Private Companies.

MIDVALE, Utah, Aug. 13, 2024 /PRNewswire/ -- Inc. announced today Bamboo Insurance has earned the No. 1,680 spot on the Inc. 5000 2024, its esteemed list of the fastest-growing private companies in America. This prestigious ranking offers a data-driven look at the most successful independent and entrepreneurial companies that have driven rapid revenue growth while navigating inflationary pressure and the rising costs of capital.

HAMILTON, Bermuda, May 20, 2024 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) will hold its Annual Investor Information Meeting on:

Date:

Friday, 7 June, 2024

Time:

10:00 a.m. (Eastern Time)

Location:

Mandarin Ballroom, 36th Floor

Mandarin Oriental Hotel

80 Columbus Circle at 60th Street

New York NY  10023

Investors and other interested parties can participate either in person or via Webcast.  Manning Rountree, CEO, said, "We will discuss White Mountains's operations and our outlook for the Company.  Following a short presentation, my partners and I will answer your questions."