Liam Caffrey to Become CFO of White Mountains

Rhea-AI Summary

White Mountains Insurance Group (NYSE: WTM) announces that Liam P. Caffrey will assume the role of Chief Financial Officer on March 1, 2022. Caffrey has over 20 years of experience, including prior roles at Aon plc and McKinsey & Company. Reid T. Campbell, the current CFO, will transition to the role of President, maintaining his executive duties until his retirement in February 2024. CEO G. Manning Rountree expressed confidence in this leadership change, highlighting the strength of both individuals.

Positive

• Liam P. Caffrey brings over 20 years of experience in finance and consulting.
• Reid T. Campbell's transition allows continuity in leadership as he becomes President.

Negative

• None.

HAMILTON, Bermuda, Dec. 2, 2021 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Liam P. Caffrey will become its Chief Financial Officer on March 1, 2022.  Mr. Caffrey currently serves as a consultant to a subsidiary of the Company.  Previously, Mr. Caffrey spent nine years at Aon plc, most recently as CEO of Aon Affinity and global CFO of Aon Risk Solutions. Before Aon, Mr. Caffrey was a partner with McKinsey & Company.

Reid T. Campbell, White Mountains's current Chief Financial Officer, will become President of White Mountains on March 1, 2022 and will serve in that role until his retirement in February 2024.  In his role as President, Mr. Campbell will maintain all his current executive duties other than his responsibilities as Chief Financial Officer.  In addition, Mr. Campbell will continue to serve as a director of Build America Mutual Assurance Company and Ark Insurance Holdings Limited.

G. Manning Rountree, White Mountains's Chief Executive Officer said, "We are pleased to announce Liam's hiring as CFO and Reid's transition to the role of President.  Liam is a seasoned leader with over 20 years of experience in senior business, finance, operations and consulting roles, who will add great value to White Mountains.  As President, Reid will continue to provide important leadership to the Company and will serve as a key resource for Liam and the finance, accounting and audit teams."

ADDITIONAL INFORMATION
White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM". Additional financial information and other items of interest are available at the Company's web site located at www.whitemountains.com.

FORWARD-LOOKING STATEMENTS
The foregoing press release contains "forward-looking statements" such as those that state what individuals will do or what roles they will serve in.  The Company intends such statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  The Company cannot promise that its expectations in such forward-looking statements will turn out to be correct because they are subject to factors beyond its control, including competitive labor markets and the conduct of individuals.

CONTACT: Todd Pozefsky
(203) 458-5807

View original content:https://www.prnewswire.com/news-releases/liam-caffrey-to-become-cfo-of-white-mountains-301436692.html

SOURCE White Mountains Insurance Group, Ltd.

FAQ

Who will be the new CFO of White Mountains Insurance Group?

Liam P. Caffrey will become the Chief Financial Officer on March 1, 2022.

What is the role change for Reid T. Campbell at White Mountains?

Reid T. Campbell will transition from CFO to President on March 1, 2022.

What background does Liam P. Caffrey have?

Caffrey previously worked at Aon plc and McKinsey & Company, with extensive experience in finance and operations.

When is Reid T. Campbell retiring?

Reid T. Campbell will retire in February 2024.

What is the stock symbol for White Mountains Insurance Group?

White Mountains Insurance Group is traded under the symbol WTM.