White Mountains to acquire majority stake in Distinguished Programs

White Mountains (WTM) Insurance announced that it has entered into an agreement to acquire a majority stake in Distinguished Programs, an MGA and program administrator for specialty property & casualty insurance. Following the acquisition, White Mountains will own a 51% controlling interest in Distinguished. In the transaction, White Mountains will acquire approximately 50% of Distinguished’s outstanding equity interests for $230 million. White Mountains currently owns approximately 1% of Distinguished’s outstanding equity interests. The transaction is expected to close in the third quarter of 2025. The closing is subject to regulatory approvals and other customary closing conditions.