The former chief operating officer of Reliance Group Holdings’ insurance operations has joined White Mountains Insurance Group Ltd. as managing director of the holding company for White Mountains’ pending acquisition, CGU Insurance Co. John Cavoores will oversee the U.S. property/casualty operations of U.K. insurer CGNU Group, which Bermuda-based White Mountains is buying for $2.53 billion.
Prior to joining Reliance in April, Cavoores was president of National Union Fire Insurance Co. of Pittsburgh, the D&O liability insurance unit of American International Group. Prior to that, he was chief underwriting officer at Chubb Corp.
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Kansas Man Sentenced for Insurance Fraud, Forgery 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
