Bermuda-based White Mountains Insurance Group, Ltd. announced that Jack Byrne has been elected Chairman of the Board. He replaces George Gillespie, who remains a Director.
Gillespie had previously replaced Byrne, one of the industry’s most successful executives, who was instrumental in forming and running White Mountains and its OneBeacon subsidiary, when he became Chairman of the Executive Committee (See IJ Website Nov. 21, 2003).
President and CEO, Steve Fass commented: “The entire Board thanks George for his diligent leadership and enthusiastically welcomes Jack back to the head of the table.”
Byrne added, “George and I have been colleagues and good friends for almost three decades, and I would like to personally thank him for stepping in as Chairman for the past couple of years. I enthusiastically support Steve and the many talented managers at our operating companies and will be their biggest cheerleader going forward. As always, the Board and I will continue to focus our attention on delivering superior returns to our owners.”
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