White Mountains Insurance Group, Ltd. /
Distinguished Programs
White Mountains to take controlling stake in Distinguished Programs
What happened
White Mountains Insurance Group, Ltd. agreed to acquire a 51% controlling interest in Distinguished Programs for approximately $230 million in cash, including White Mountains’s existing approximately 1% interest.
Distinguished Programs is an MGA and program administrator for specialty property and casualty insurance. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals and other customary closing conditions.
Who is involved, and the source
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Advisers
Buy side
- Legal adviser to the buyerCravath, Swaine & Moore LLPSource-verified
- Legal adviser to the buyerWillkie Farr & Gallagher LLPSource-verified
Advisers are not parties to the deal.
White Mountains to take controlling stake in Distinguished Programs
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Source-verifiedTimeline
Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.
Expected close
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Source-verifiedPublished by the source
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Source-verified
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