White Mountains Insurance Group, Ltd. entered into a definitive agreement to acquire an unknown majority stake Distinguished Programs Group LLC from Aquiline Capital Partners LP and others.

Published: 2025-07-07 12:36:17 ET WTM

Published on 07/07/2025 at 12:36

White Mountains Insurance Group, Ltd. (NYSE:WTM) entered into a definitive agreement to acquire an unknown majority stake Distinguished Programs Group LLC from Aquiline Capital Partners LP and others on July 7, 2025. Distinguished will continue to be led by industry veterans Bill Malloy (CEO), Jason Rotman (President) and Steve Sitterly (COO), and no major changes in management or strategy are foreseen as part of the transaction. Key existing shareholders, including Aquiline Capital, will remain significant minority owners.

Cravath, Swaine & Moore LLP acted as legal advisor to White Mountains. Willkie Farr & Gallagher LLP acted as legal advisor to the Company and Aquiline. Mayer Brown LLP acted as legal advisor the Company?s management team.

Guy Carpenter Capital & Advisory provided a fairness opinion to Aquiline.