David Foy to Join White Mountains as CFO

February 28, 2003

Bermuda-based White Mountains Insurance Group, Ltd. announced that David Foy, 36, is joining the Company as Executive VP and CFO.

Foy spent ten years with Hartford Life, where he was most recently Senior VP CFO. He is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

White Mountains’ President and CEO Ray Barrette stated, “I am delighted to welcome someone with David’s intelligence, energy and track record as a senior partner. He brings tremendous skills that will make our team even stronger. David’s expertise in life insurance and related markets will expand our circle of competence and create new opportunities.”

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