HAMILTON, Bermuda, February 20, 2002 - White Mountains Insurance Group, Ltd. ended 2001 with a fully converted tangible book value per share of $226 (which includes net deferred credits), an increase of $38, or 21% (including dividends), from December 31, 2000.
BOSTON (December 19, 2001) – OneBeacon Insurance has announced new responsibilities for three senior managers and an addition to the management team. Larry Haefner, formerly Chief Actuary, is now Managing Director, Specialty Operations. Reporting to President and COO John Cavoores, Haefner is
Hamilton, Bermuda, December 14, 2001 – White Mountains Insurance Group, Ltd. (NYSE symbol: WTM) and the Benfield Group plc are pleased to announce the formation and commencement of operations of Montpelier Re Holdings Ltd., and its wholly owned subsidiary Montpelier Reinsurance Ltd., a Bermuda
HAMILTON, Bermuda, December 11, 2001 - White Mountains Insurance Group, Ltd. announced today that it's newly formed subsidiary, FUND AMERICAN REINSURANCE COMPANY, LTD. (Hamilton, Bermuda), has entered into a definitive agreement (pending receipt of the necessary Bermuda reinsurance license) to
HAMILTON, Bermuda, December 4, 2001 – The board of directors of White Mountains Insurance Group, Ltd., announced the election of Mark J. Byrne to the board of directors. Mark Byrne manages West End Capital Management Limited, a Bermuda investment management firm engaged primarily in fixed income
BOSTON, MA - December 3, 2001) - OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), today announced that Ray Barrette has been elected Chairman and John Cavoores President and Chief Operating Officer.
HAMILTON, Bermuda, November 2, 2001 – White Mountains Insurance Group Ltd. announced today it is seeking to establish a new Bermuda-based property and casualty reinsurer to respond to the current favorable underwriting and pricing environment in the reinsurance industry.
- Partnership Goes Live November 1st - (Boston, MA – October 31, 2001) - Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), have reached a definitive agreement regarding the previously announced partnership that transfers business and
Dear Fellow Shareholder, I recently saw many of you at our annual meeting where we tried to be detailed and informative. Developments of the last months make our communication with you seem stale. Let's catch up: The steps to implement our partnership with Liberty Mutual are proceeding smoothly.
NEW YORK, NY, October 29, 2001-Folksamerica, a broker-market reinsurance company headquartered in New York City, announced that it will receive additional support from its parent company which will boost its capital to the $1 billion level. This doubles the size of the company and will greatly
Company seeking insurance professionals experienced with state's no-fault system BOSTON – Undaunted by the unique challenges of the New York auto insurance market, a new Limited Assignment Distribution (LAD) servicing carrier, a division of OneBeacon Insurance Group, has stepped forward to handle
BOSTON – OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), announced today it is creating a new Limited Assignment Distribution (LAD) servicing carrier to handle New York Automobile Insurance Plan business.
(Boston, MA – September 14, 2001) - OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE ticker WTM), today released its estimate for losses resulting from Tuesday's tragedies. Pre-tax losses for OneBeacon and Folksamerica Re could reach $175 million,
(OLDWICK, N.J., Sept. 6, 2001) -A.M. Best Co. today announced that the financial strength rating of A (Excellent) for the insurance subsidiaries of OneBeacon, Boston, Mass., (formerly CGU Insurance Companies Group) remains unchanged following the recent announcement of a partnership between Liberty
Liberty Mutual to Assume OneBeacon's Business & Operations in 42 States (Boston, MA – September 5, 2001) - Liberty Mutual Group and OneBeacon, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE ticker: WTM), have reached an agreement in principle to enter into a partnership
HAMILTON, Bermuda, August 23, 2001 - White Mountains Insurance Group, Ltd.'s Annual General Meeting of Shareholders was held on August 23, 2001 at which a quorum was present either in person and/or represented by proxy. Shareholders, by a majority vote of no less than 90% of the shares entitled to
White Mountains Insurance Group is pleased to announce their 2001 Annual Investor Meeting. All are welcome to attend, in person or via live or recorded webcast. Please follow the instructions below to join in via one of these methods. Event Date: Friday August 24, 2001 10 a.m. EDT All are welcome.
HAMILTON, Bermuda, July 25, 2001 - As a result of White Mountains' acquisition of OneBeacon Insurance Group (formerly CGU Insurance Group) on June 1, 2001, White Mountains' second quarter results will include the operations of OneBeacon for the one-month period ended June 30, 2001.
HAMILTON, Bermuda, June 12, 2001 – With the closing of the OneBeacon (formerly CGU) acquisition, a number of officers of the White Mountains Insurance Group have assumed new duties. Jack Byrne, formerly CEO of White Mountains, will no longer be an officer of White Mountains, but remains on the