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.
- 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
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.
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, 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
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 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
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, 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.
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
