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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
VESTA INSURANCE GROUP, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
925391510
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(CUSIP Number)
DECEMBER 19, 2000
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Continued on following page(s))
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CUSIP NO. 925391510
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1 Names of Reporting Persons
Identification Nos. of Above Persons (entities only)
WHITE MOUNTAINS INSURANCE GROUP, LTD. (NO. 94-2708455)
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3 SEC USE ONLY
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4 Citizenship or Place of Organization
BERMUDA
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Number of Sole Voting Power
Shares 5 0
Beneficially ---------------------------------------
Owned by Each Shared Voting Power
Reporting 6 0
Person with ---------------------------------------
Sole Dispositive Power
7 0
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Shared Dispositive Power
8 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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Percent of Class Represented
11 by Amount in Row (11)
0.0%
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12 Type of Reporting Person (See Instructions)
CO
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2
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CUSIP NO. 925391510
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1 Names of Reporting Persons
Identification Nos. of Above Persons (entities only)
WHITE MOUNTAINS HOLDINGS (BARBADOS) SRL (NO. 94-2708455)
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3 SEC USE ONLY
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4 Citizenship or Place of Organization
BARBADOS
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Number of Sole Voting Power
Shares 5 0
Beneficially ---------------------------------------
Owned by Each Shared Voting Power
Reporting 6 0
Person with ---------------------------------------
Sole Dispositive Power
7 0
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Shared Dispositive Power
8 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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Percent of Class Represented
11 by Amount in Row (11)
0.0%
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12 Type of Reporting Person (See Instructions)
CO
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3
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CUSIP NO. 925391510
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1 Names of Reporting Persons
Identification Nos. of Above Persons (entities only)
WHITE MOUNTAINS PROPERTIES (BARBADOS) SRL (NO. 94-2708455)
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3 SEC USE ONLY
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4 Citizenship or Place of Organization
BARBADOS
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Number of Sole Voting Power
Shares 5 0
Beneficially ---------------------------------------
Owned by Each Shared Voting Power
Reporting 6 0
Person with ---------------------------------------
Sole Dispositive Power
7 0
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Shared Dispositive Power
8 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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Percent of Class Represented
11 by Amount in Row (11)
0.0%
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12 Type of Reporting Person (See Instructions)
CO
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4
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CUSIP NO. 925391510
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1 Names of Reporting Persons
Identification Nos. of Above Persons (entities only)
FOLKSAMERICA HOLDING COMPANY, INC. (NO. 13-3301641)
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3 SEC USE ONLY
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4 Citizenship or Place of Organization
NEW YORK
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Number of Sole Voting Power
Shares 5 0
Beneficially ---------------------------------------
Owned by Each Shared Voting Power
Reporting 6 0
Person with ---------------------------------------
Sole Dispositive Power
7 0
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Shared Dispositive Power
8 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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Percent of Class Represented
11 by Amount in Row (11)
0.0%
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12 Type of Reporting Person (See Instructions)
CO
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5
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CUSIP NO. 925391510
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1 Names of Reporting Persons
Identification Nos. of Above Persons (entities only)
FOLKSAMERICA REINSURANCE COMPANY (NO. 13-2997499)
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2 Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [ ]
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3 SEC USE ONLY
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4 Citizenship or Place of Organization
NEW YORK
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Number of Sole Voting Power
Shares 5 0
Beneficially ---------------------------------------
Owned by Each Shared Voting Power
Reporting 6 0
Person with ---------------------------------------
Sole Dispositive Power
7 0
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Shared Dispositive Power
8 0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) [ ]
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Percent of Class Represented
11 by Amount in Row (11)
0.0%
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12 Type of Reporting Person (See Instructions)
IC; CO
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6
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ITEM 1.
(a) NAME OF ISSUER Vesta Insurance Group, Inc.
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
3760 River Run Drive,
Birmingham, Alabama 35243
ITEM 2.
(a), (b), (c) NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS
OFFICE AND CITIZENSHIP
This statement is filed by White Mountains Insurance Group, Ltd., a
Bermuda corporation ("WMIG"), White Mountains Holdings (Barbados) SRL, a
Barbados corporation ("WMH"), White Mountains Properties (Barbados) SRL, a
Barbados corporation ("WMP"), Folksamerica Holding Company, Inc., a New York
Corporation ("FHC") and Folksamerica Reinsurance Group, Inc., a New York
corporation (the "COMPANY" and, together with WMIG, WMH, WMP and FHC, the
"Filing Persons"). WMIG, WMH, WMP and FHC are financial services holding
companies. The Company is a property/casualty reinsurance company.
The address of the principal executive offices of WMIG is 80 South
Main Street, Hanover, New Hampshire 03755. The address of the principal
executive offices of WMH and WMP is The Financial Services Centre, Bishop's Hill
Court, St. Michael, Barbados, West Indies. The address of the principal business
offices of FHC and the Company is One Liberty Plaza, 19th Floor, New York, New
York 10006.
(d) TITLE OF CLASS OF SECURITIES Common Stock ($.01 par value)
(e) CUSIP NUMBER 925391510
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-l(b) OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [X](1) Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
Section 240.13d-l(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [X](2) A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
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(1) The Company is filing as an insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c).
(2) WMIG, WMH, WMP and FHC are filing as parent holding companies or
control persons in accordance with Section 240.13d-1(b)(1)(ii)(G)
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(h) [ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 18 13);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 0 shares
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(b) Percent of class: 0.0%
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(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0 .
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(ii) Shared power to vote or to direct the vote 0 .
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(iii) Sole power to dispose or to direct the disposition of 0 .
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(iv) Shared power to dispose or to direct the disposition of 0 .
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following |_|.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
The subsidiary which acquired the security being issued is Folksamerica
Reinsurance Company, an insurance company as defined in Section 3(a)(19) of the
Act (15 U.S.C. 78c).
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: January 4, 2001
WHITE MOUNTAINS INSURANCE GROUP, LTD.
by: /s/
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Name: Michael S. Paquette
Title: Senior Vice President
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: January 4, 2001
WHITE MOUNTAINS HOLDINGS (BARBADOS) SRL
by: /s/
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Name: Kenneth F.G. Thomson
Title: President
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: January 4, 2001
WHITE MOUNTAINS PROPERTIES (BARBADOS) SRL.
by: /s/
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Name: Kenneth F.G. Thomson
Title: President
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this Statement is true,
complete and correct.
Date: January 4, 2001
FOLKSAMERICA HOLDING COMPANY, INC.
by: /s/
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Name: Steven E. Fass
Title: President and CEO
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.
Date: January 4, 2001
FOLKSAMERICA REINSURANCE COMPANY
by: /s/
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Name: Steven E. Fass
Title: President and CEO
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