Profile: White Mountains Insurance Group Ltd (WTM.N)
24 May 2019
White Mountains Insurance Group, Ltd., incorporated on October 25, 1999, is a holding company. The Company's principal businesses are conducted through its insurance subsidiaries and other affiliates. The Company's segments include HG Global/BAM and Other Operations. The HG Global/BAM segment consists of the operations of HG Global Ltd. (HG Global) and Build America Mutual Assurance Company (BAM). The Other Operations segment consists of the Company and its intermediate holding companies, its investment management subsidiary, White Mountains Advisors LLC (WM Advisors), and certain consolidated and unconsolidated private capital investments.
Casualty insurance (often referred to as liability insurance) generally covers the financial consequences of a legal liability of an individual or an organization resulting from negligent acts or omissions causing bodily injury, property damages and/or economic damages to a third party. Premiums from general liability, workers compensation, commercial auto liability and certain commercial multiple peril policies generally represent OneBeacon's long-tail casualty lines of business
BAM is a mutual municipal bond insurance company in the United States. BAM is owned by and operated for the benefit of its mutual policyholders, the municipalities that purchase BAM's insurance for their debt issuances. BAM focuses on municipal bonds issued to finance various public purposes, such as schools, utilities and transportation facilities. BAM focuses on small-to-medium sized investment grade bonds, primarily in the AA-, A and BBB categories.
WM Advisors is a registered investment adviser that manages the Company's investment portfolio, which consists of fixed maturity investments, short-term investments, common equity securities and other long-term investments, including hedge funds and private equity funds. The Company, through its subsidiary, White Mountains Capital, Inc. (WM Capital), sources, executes and monitors private capital investments (WM Capital Investments).
The Company competes with The Chubb Corporation, AIG, Beazley, CNA, Hartford, Liberty Mutual, Travelers, Zurich, Axis, Tokio Marine, The Navigators Group, Markel Corporation, RLI, W.R. Berkley, Assured Guaranty and National Public Finance Guarantee.
White Mountains Insurance Group Ltd
80 S Main St
HANOVER NH 03755-2053