Ritchie Named CFO of White Mountains Insurance

February 26, 2001

White Mountains Insurance Group has named James J. Ritchie as chief financial officer and managing director of Fund American.

Ritchie, who served most recently as senior vice president and chief financial officer for the international division of CIGNA Corp. will also serve as chief financial officer for White Mountains.

In September of 2000, White Mountains Insurance Group agreed to buy the U.S. property casualty operations of British insurer CGNU Group for $2.1 billion. Warren Buffett, chief executive of insurance and investment group Berkshire Hathaway, invested close to $300 million in convertible shares of White Mountains as part of the deal’s financing.

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