Fletcher Joins White Mountains Re

October 4, 2006

The Bermuda-based White Mountains Re Group, Ltd., the reinsurance unit of the White Mountains Insurance Group, announced that C. Russell Fletcher III will join the organization. He’s been named as President and CEO of White Mountains Re Underwriting Services Ltd., the group’s Bermuda-based underwriting advisory company, subject to the approval of Bermuda’s immigration authorities.

Fletcher joins White Mountains Re with almost 20 years of underwriting experience in the reinsurance sector, including roles as Chief Underwriting Officer at Montpelier Re (MRH) and Chief Underwriting Officer — North America at CAT Limited.

Tom Hutton, President and CEO of White Mountains Re, commented: “We are thrilled to have attracted Russ to the team at White Mountains Re. I have now worked directly with Russ in several situations over a period of some 15 years. I consider Russ to be one of the truly outstanding underwriters in the industry. The greatest competitive advantages in our business stem from our people. The addition of Russ to the team will provide a tremendous boost to our company.”

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