White Mountains Insurance Group Ltd: Key Developments
White Mountains Insurance Group Reorganizes Bermuda Reinsurance Unit
July 31, 2009 |
| White Mountains Insurance Group announced that it is reorganizing its reinsurance business by converting its Bermuda reinsurance operations into a branch of White Mountains Re Sirius. Warren Trace, currently President and CEO of White Mountains Re Bermuda, will remain in charge of the Bermuda branch operations, reporting to Goran Thorstensson, President and CEO of Sirius. The reorganization is expected to be effective on September 1, 2009 following receipt of required regulatory approvals. |
White Mountains Insurance Group Declares Annual Dividend
February 27, 2009 |
| White Mountains Insurance Group announced that the Board of Directors declared a $1.00 per share annual dividend, payable in cash on March 25, 2009, to holders of record of Common Shares as of the close of business on March 16, 2009. |
White Mountains Insurance Group Completes Swap With Berkshire Hathaway, Inc.-DJ
November 3, 2008 |
| Dow Jones reported that White Mountains Insurance Group has completed its exchange with Berkshire Hathaway, Inc. of runoff businesses and cash. The agreement, originally signed in March 2008, was completed on October 31, 2008, when Berkshire Hathaway exchanged about 1.63 million shares, or 95%, of its interest in White Mountains for 100% of a White Mountains subsidiary, whose holdings consist of Commercial Casualty Insurance Co. and International American Group Inc., and $707.9 million in cash. |
White Mountains Insurance Group Adopts $1 Per Share Annual Dividend Policy
August 28, 2008 |
| White Mountains Insurance Group announced that in it its regular meeting the Board of Directors adopted a new dividend policy whereby the Company will revert back to declaring a $1 per share annual dividend in the first quarter of each year, rather than the current $2 per share quarterly dividend. |
White Mountains Insurance Group Declares Second Quarter Dividend
May 30, 2008 |
| White Mountains Insurance Group declared a $2.00 per share quarterly dividend, payable in cash on June 25, 2008, to holders of record of Common Shares as of the close of business on June 16, 2008. |
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