White Mountains to acquire 51% stake in Distinguished Programs.

White Mountains, a diversified insurance and related financial services holding company, agreed to acquire 51% stake in Distinguished Programs, a provider of specialized insurance programs to brokers and agents. Financial terms were not disclosed. "We've been keen observers of Distinguished's recent progress, and we are pleased to make this acquisition alongside fellow shareholders and a seasoned management team we've known for many years. They are well-positioned in an attractive and dynamic market, and we look forward to partnering with the team to capitalize on the organic and inorganic growth opportunities ahead," Manning Rountree, White Mountains CEO.