White Mountains Insurance Group Ltd. is a holding company that owns and operates insurance and reinsurance firms. The company is majority publicly owned, but Franklin Mutual Advisors LLC (a subsidiary of Franklin Resources Inc.) controls 19% of common stock.
White Mountains is based in Bermuda but headquartered in New Hampshire. Consumers may be familiar with it through its subsidiary Esurance and its television commercials, which depict a cartoon couple who work to foil efforts by traditional auto and motorcycle insurers to overcharge consumers for insurance.
In addition to its insurance holdings, White Mountains operates a weather risk management arm, Galileo Risk Management Ltd., which builds custom financial risk management products for companies looking to reduce their financial exposure to weather.