Cravath’s London Office Moves to 100 Cheapside
On July 7, 2025, White Mountains Insurance Group, Ltd. (“White Mountains”), a Bermuda‑domiciled financial services holding company, announced it has entered into an agreement to acquire a majority stake in Distinguished Programs (“Distinguished”), an MGA and program administrator for special property & casualty insurance. White Mountains will acquire approximately 50% of Distinguished’s outstanding equity interests for $230 million, which will result in White Mountains holding a 51% controlling interest in Distinguished following the closing of the transaction. Cravath is representing White Mountains in connection with the transaction.
The Cravath team is led by partners Maurio A. Fiore and Peter Feist and includes associates Connor F. O’Neill and Pablo Storch and foreign associate attorney Bianca Menchise Moraes on M&A matters; partner Tatiana Lapushchik and associate Kiyon Hahm on financing matters; partner Christopher K. Fargo and associates Carlos Nicholas Obando and Carolyn Liziewski on tax matters; partner Amanda Hines Gold and associates Nicholas J. Celli and Oscar Porter on executive compensation and benefits matters; partner Sasha Rosenthal‑Larrea, associate Albert Wong and foreign associate attorney Shogo Tsunoda on intellectual property matters; partner Jesse M. Weiss and associates Lavinia M. Hecht and Timothy O’Neill on antitrust matters; and practice area attorney Brian M. Budnick on real estate matters. Rebecca Ryan also worked on M&A matters.
Deals & Cases
July 24, 2025
On July 18, 2025, BroadStreet Partners (“BroadStreet”), a leading middle-market insurance brokerage, announced the successful closing of a strategic investment by an investor group led by Ethos Capital, British Columbia Investment Management Corporation and White Mountains Insurance Group, Ltd. (“White Mountains”). Accounts advised by T. Rowe Price Investment Management, Inc. also participated. Ontario Teachers’ Pension Plan will retain a significant co control stake in BroadStreet and continue its partnership with the Ethos-led investor group. Cravath is representing White Mountains in connection with the transaction.
Deals & Cases
October 20, 2023
On October 20, 2023, White Mountains Insurance Group, Ltd. (“White Mountains”), a Bermuda‑domiciled financial services holding company, announced that it has entered into an agreement to acquire a majority stake in Bamboo Ide8 Insurance Services, LLC (“Bamboo”), a managing general agent focused on the California homeowners insurance market. White Mountains expects to invest approximately $285 million, including primary capital to support Bamboo's growth, and to acquire approximately 70% of Bamboo’s outstanding equity interests. Cravath is representing White Mountains in connection with the transaction.
Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.
Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.