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Jeff Davis to Join White Mountains as Chief Actuary
HAMILTON, Bermuda - 9 September, 2008 - White Mountains Insurance Group, Ltd. (NYSE: WTM) announced today that Jeff Davis will become Senior Vice President and Chief Actuary of White Mountains. He will also be Executive Vice President and Chief Actuary of White Mountains Re Ltd.
Since 2005, Mr. Davis has been Head of Central Reserving for Munich Re, with responsibility for $50 billion of worldwide reserves. Mr. Davis began his actuarial career at Nationwide and originally joined Munich Re in 1999 at its subsidiary Munich American Re.
David Foy, Executive Vice President and CFO of White Mountains, said, "We are excited to have Jeff join our group. He will oversee all actuarial functions in the group. He brings a strong technical background and a solid track record to our management team."
Allan Waters, President and CEO of White Mountains Re Ltd., said, "Jeff has a breadth of global reinsurance experience and has successfully undertaken many challenges in his career. In his dual role, he will significantly strengthen our reinsurance team and still benefit all of our operations."
CONTACTS: David Foy Christine Repasy
(203) 453-1681 (860) 408-7312