This website uses cookies to improve your experience. Continue if you are OK with this or read more in our privacy policy. 

White Mountains Solutions acquires two firms in runoff


White Mountains Solutions, a subsidiary of White Mountains Insurance Group, is acquiring Physicians Insurance of Ohio and Citation Insurance Company from PICO Holdings.

Both companies ceased underwriting in the mid-1990's and have been in runoff ever since. 

White Mountains Solutions has agreed to pay around $17 million, subject to certain targeted pre-closing dividends.

"This acquisition continues our long track record of success in completing runoff acquisitions that allow sellers to achieve a clean exit from the insurance business," said Neal Wasserman, president of White Mountains Solutions.

White Mountains Solutions, Physicians Insurance of Ohio and Citation Insurance Company, PICO Holdings, acquisition

Intelligent Insurer

Payment types accepted