M&A Deal Summary

White Mountains Acquires American General Property Insurance

On June 26, 2012, White Mountains acquired insurance company American General Property Insurance from AIG

Acquisition Highlights
  • This is White Mountains’ 11th transaction in the Insurance sector.
  • This is White Mountains’ 7th transaction in the United States.
  • This is White Mountains’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2012-06-26
Target American General Property Insurance
Sector Insurance
Buyer(s) White Mountains
Sellers(s) AIG
Deal Type Divestiture

Target

American General Property Insurance

Tennessee, United States
American General Property Insurance Company is a provider of Property Insurance services and products.

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Buyer(S) 1

Buyer

White Mountains

Hamilton, Bermuda
Category Company
Founded 1980
Sector Insurance
Employees782
Revenue 2.2B USD (2023)
DESCRIPTION

White Mountains is a domiciled financial services holding company with business interests in property and casualty insurance and reinsurance. White Mountains was founded in 1980 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 11 of 22
Sector (Insurance) 11 of 19
Type (Divestiture) 7 of 12
State (Tennessee) 1 of 1
Country (United States) 7 of 17
Year (2012) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 American General Indemnity

Nebraska, United States

American General Indemnity Company is a provider of insurance and reinsurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 American Fuji Fire & Marine Insurance

Long Grove, Illinois, United States

American Fuji Fire and Marine Insurance Company is a provider of fire, marine, and casualty insurance products.

Buy -

Seller(S) 1

SELLER

AIG

New York, New York, United States
Category Company
Founded 1919
Sector Insurance
Employees25,000
Revenue 47.3B USD (2023)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.

DEAL STATS #
Overall 8 of 20
Sector (Insurance) 6 of 16
Type (Divestiture) 8 of 19
State (Tennessee) 1 of 1
Country (United States) 5 of 11
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 American General Indemnity

Nebraska, United States

American General Indemnity Company is a provider of insurance and reinsurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-11 American Fuji Fire & Marine Insurance

Long Grove, Illinois, United States

American Fuji Fire and Marine Insurance Company is a provider of fire, marine, and casualty insurance products.

Sell -
Mergr

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