Lusardi Part of White Mountains’ Management Team

February 10, 2005

Bermuda-based White Mountains Insurance Group Ltd. announced that Robert Lusardi is joining White Mountains’ senior management team as executive vice president and managing director.

Previously, Lusardi spent seven years with XL Capital Ltd., first as CFO and, most recently, as CEO – Financial Products and Services, one of XL’s three operating segments.

Prior to joining XL, Lusardi was at Lehman Brothers for 18 years, where he was a managing director and head of the insurance and asset management investment banking practices.

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