White Mountains Solutions Completes American Fuji Runoff Acquisition

Mon Apr 1, 2013 4:30pm EDT

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GLASTONBURY, Conn.,  April 1, 2013  /PRNewswire/ -- White Mountains Solutions
Holding Company, Inc. (White Mountains Solutions), a wholly owned subsidiary of
White Mountains Insurance Group, Ltd. (NYSE: WTM) and the group's specialist
runoff acquisition operation, announced today that it had completed the
acquisition of American Fuji Fire and Marine Insurance Company, a small runoff
subsidiary of American International Group following receipt of all regulatory

White Mountains Solutions is a wholly owned subsidiary of White Mountains
Insurance Group, Ltd.  White Mountains Insurance Group, Ltd. is a 
Bermuda-domiciled financial services holding company traded on the New York
Stock Exchange and the Bermuda Stock Exchange under the symbol WTM. Additional
financial information and other items of interest are available on the company's
website at  www.whitemountains.com.  

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The information contained in this press release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.  All statements, other than
statements of historical facts, included or referenced in this press release
which address activities, events or developments which White Mountains expects
or anticipates will or may occur in the future are forward-looking statements. 
The words "will", "believe," "intend," "expect," "anticipate," "project,"
"estimate," "predict" and similar expressions are also intended to identify
forward-looking statements. These forward-looking statements include, among
others, statements with respect to White Mountains:

* changes in adjusted book value per share or return on equity;
* business strategy;
* financial and operating targets or plans;
* incurred losses and the adequacy of its loss and LAE reserves and related
* projections of revenues, income (or loss), earnings (or loss) per share,
dividends, market share or other financial forecasts;
* expansion and growth of its business and operations; and
* future capital expenditures.

These statements are based on certain assumptions and analyses made by White
Mountains in light of its experience and perception of historical trends,
current conditions and expected future developments, as well as other factors
believed to be appropriate in the circumstances.  However, whether actual
results and developments will conform with its expectations and predictions is
subject to a number of risks and uncertainties that could cause actual results
to differ materially from expectations, including:

* the risks associated with Item 1A of White Mountains' 2012 Annual Report on
Form 10-K;
* claims arising from catastrophic events, such as hurricanes, earthquakes,
floods or terrorist attacks;
* the continued availability of capital and financing;
* general economic, market or business conditions;
* business opportunities (or lack thereof) that may be presented to it and
* competitive forces, including the conduct of other property and casualty
insurers and reinsurers;
* changes in domestic or foreign laws or regulations, or their interpretation,
applicable to White Mountains, its competitors or its clients;
* an economic downturn or other economic conditions adversely affecting its
financial position;
* recorded loss reserves subsequently proving to have been inadequate;
* actions taken by ratings agencies from time to time, such as financial
strength or credit ratings downgrades or placing ratings on negative watch; and
* other factors, most of which are beyond White Mountains' control.

Consequently, all of the forward-looking statements made in this press release
are qualified by these cautionary statements, and there can be no assurance that
the actual results or developments anticipated by White Mountains will be
realized or, even if substantially realized, that they will have the expected
consequences to, or effects on, White Mountains or its business or operations. 
White Mountains assumes no obligation to update publicly any such
forward-looking statements, whether as a result of new information, future
events or otherwise.

 CONTACT:  Neal Wasserman  
           (860) 368-2003  

SOURCE  White Mountains Insurance Group, Ltd.

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