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BRO vs WTM

Brown & Brown, Inc. and White Mountains Insurance Group Ltd.

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Brown & Brown, Inc.

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services. It serves commercial, public and quasi-public entities, professional, and individual customers. The Programs segment offers professional liability and related package insurance products for dentistry, legal, eyecare, insurance, financial, physicians, real estate title professionals, as well as supplementary insurance products related to weddings, events, medical facilities, and cyber liabilities. This segment also provides public entity-related and specialty programs through a network of independent agents; and program management services for insurance carrier partners. The Wholesale Brokerage segment markets and sells excess and surplus commercial and personal lines insurance through independent agents and brokers. The Services segment offers third-party claims administration and medical utilization management services in the workers' compensation and all-lines liability arenas, Medicare Set-aside, Social Security disability, Medicare benefits advocacy, and claims adjusting services. Brown & Brown, Inc. was founded in 1939 and is headquartered in Daytona Beach, Florida.

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White Mountains Insurance Group Ltd.

White Mountains Insurance Group, Ltd., through its subsidiaries, engages in the provision of insurance and other financial services in the United States. It operates through four segments: Ark/WM Outrigger, HG Global, Kudu, and Bamboo. The Ark/WM Outrigger segment offers insurance and reinsurance products, including property, specialty, marine and energy, casualty, and accident and health. The HG Global segment provides reinsurance to BAM, focusing on single risk limits for small-to-medium sized, and public investment grade municipal bonds that are issued to finance public purpose projects, including schools, utilities, and transportation facilities. The Kudu segment offers capital solutions for boutique asset and wealth managers for various purposes comprising generational ownership transfers, management buyouts, acquisition and growth finance, and legacy partner liquidity, as well as strategic assistance to investees. The Bamboo segment is involved in the operation of a capital-light, tech- and data-enabled insurance distribution platform, which provides homeowners' insurance and related products to the residential property market. White Mountains Insurance Group, Ltd. was incorporated in 1980 and is headquartered in Hamilton, Bermuda.

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