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Date Title
Toggle Summary OneBeacon Names Paul LaPerriere Senior Vice President of Marketing
BOSTON (July 22, 2002) – OneBeacon Insurance Group announced today that Paul LaPerriere has joined the company as Senior Vice President of Marketing. He will report to John Cavoores, President and Chief Operating Officer, who explained that LaPerriere comes to OneBeacon with extensive success in
Toggle Summary White Mountains Reports Results of Shareholder Vote
HAMILTON, Bermuda, May 24, 2002 – White Mountains Insurance Group, Ltd.'s Annual General Meeting of Members was held on May 20, 2002 at which a quorum was present either in person and/or represented by proxy. Members, by a majority vote of no less than 99% of the shares voting on each proposal,
Toggle Summary White Mountains Postpones 2002 Annual Investor Meeting
Hamilton, Bermuda, May 15, 2002 – White Mountains Insurance Group, Ltd. ("White Mountains") today announced the postponement of its 2002 Annual Investor Meeting. The meeting was originally scheduled for May 23rd at the Waldorf Astoria Hotel in New York City.
Toggle Summary White Mountains Announces Public Offering of Common Shares
Hamilton, Bermuda, May 15, 2002 – White Mountains Insurance Group, Ltd. ("White Mountains") announced today that it has filed a registration statement with the Securities and Exchange Commission to sell 1.2 million of its common shares to the public. Of the total number of shares, 1.0 million
Toggle Summary White Mountains Reports First Quarter 2002 Results
HAMILTON, Bermuda, May 14, 2002 - White Mountains Insurance Group, Ltd. ended the first quarter of 2002 with a fully converted tangible book value per share of $222, a $4 decrease from December 31, 2001 including the $1 per share annual dividend paid in March 2002.
Toggle Summary OneBeacon Names Drew Carnase Senior Vice President Commercial Lines
BOSTON (May 13, 2002– OneBeacon Insurance Group announced today that Drew Carnase has joined the company as Senior Vice President of Commercial Lines. He will report to John Cavoores, OneBeacon President and Chief Operating Officer. "Drew's charge is to achieve our Commercial Lines profit targets,"
Toggle Summary Benson Named President & CEO of AutoOne Insurance
BOSTON (May 7, 2002) – OneBeacon Insurance Group announced today that Carey Benson has been named President and CEO of its AutoOne Insurance subsidiary. Alvin Kaltman was appointed nonexecutive Chairman. Benson reports to John Cavoores, OneBeacon President and Chief Operating Officer.
Toggle Summary OneBeacon Names Chuck Chokel a Managing Director
BOSTON (March 29, 2002) - OneBeacon Insurance Group announced today that Chuck Chokel has joined the company as a Managing Director. He will report to Ray Barrette, OneBeacon Chairman and Chief Executive Officer, who explained that Chokel will be a "minister without portfolio or boundaries" for the
Toggle Summary White Mountains Declares 2002 Dividend
HAMILTON, Bermuda, March 1, 2002 – At its regular meeting held on February 28, 2002, the Board of Directors of White Mountains Insurance Group, Ltd. declared a $1.00 per share annual dividend, payable in cash on March 27, 2002, to holders of Common Stock of record as of the close of business on
Toggle Summary Jack Byrne Returns to White Mountains as Chief Executive Officer
HAMILTON, Bermuda, March 1, 2002—The Board of Directors of White Mountains Insurance Group has elected Jack Byrne as its Chief Executive Officer. Until recently, Byrne had been serving as Chairman of the Boston-based OneBeacon Insurance Group. OneBeacon, which is a wholly-owned subsidiary of White
Toggle Summary White Mountains Reports 2001 Results
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.
Toggle Summary OneBeacon Management Team Members Take on New Roles
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
Toggle Summary Montpelier Re Commences Operations
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
Toggle Summary White Mountains' Affiliate Acquires Folksam's International Reinsurance Operations
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
Toggle Summary White Mountains Names Mark Byrne to the Board of Directors
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
Toggle Summary OneBeacon Elects Barrette Chairman; Cavoores Becomes President and COO
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.
Toggle Summary White Mountains to Form Bermuda Reinsurer
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.
Toggle Summary Letter to Shareholders
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.
Toggle Summary Liberty Mutual and OneBeacon Reach Definitive Agreement on Business Transfer
- 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
Toggle Summary Folksamerica Boosts Capital
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