Search Results

White Mountains Insurance Group Ltd. posted net income of $92 million for the first quarter of 2007, compared with $96 million for the year-ago period.Chairman ...

The Bermuda-based reinsurer will use the net proceeds from the sale to pay a cash distribution to the parent White Mountains, which in turn will use the majority of this distribution to repay its outs

In a statement, Mr. Byrne said, "With great regret, I must retire completely at this time." He added, "I have no doubt that Ray Barrette is the right person to lead the company going forward," noting

The company reported on Thursday that net income rose from a loss of $66 million, a loss of $6.16 per share last year, to $162 million, or $15.01 a share in the third period--a more than 300 percent in

Describing the wipeout of original investors in a sidecar for White Mountains' reinsurer as a "sorry chapter" in the history of such vehicles, Chairman Jack Byrne tried to dole out reassuring words

White Mountains' Chairman Jack Byrne offered reassuring words to shareholders yesterday concerning the wipeout of original investors in a reinsurance sidecar as a "sorry chapter" in the history of suc

Folksamerica Reinsurance Company has set its reserves for offshore energy and marine exposures for Hurricanes Katrina and Rita at full policy limits, and increased its reserves on other exposures affe

White Mountains reported a combined ratio of 88, which group chairman Steve Fass said came despite some adverse development from the 2005 storms, "reflecting both improved underwriting conditions and