White Mountains Insurance Group, Ltd. Announces Executive Changes. Effective from May 14, 2021
December 01, 2020 at 09:51 pm
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On November 30, 2020, White Mountains Insurance Group, Ltd. announced that J. Brian Palmer, Chief Accounting Officer (“CAO”), has informed the Company of his decision to retire from the Company on May 14, 2021. After his retirement as CAO, Mr. Palmer is expected to become an advisor to senior management. On November 30, 2020, the Company also announced that Michaela Hildreth will become the Chief Accounting Officer of the Company on May 14, 2021. Ms. Hildreth, 52, has served as the General Auditor of White Mountains Capital since 2006. She joined the Company in 2003 and has served in a variety of accounting and auditing-related positions with the Company and its subsidiaries. Prior to joining the Company, Ms. Hildreth spent 13 years with PricewaterhouseCoopers.
White Mountains Insurance Group, Ltd. is a financial services holding company. The Company operates through four segments: Ark/WM Outrigger, HG Global/BAM, Kudu and Bamboo. The Ark/WM Outrigger segment is engaged in specialty property and casualty insurance and reinsurance business that offers a range of niche insurance and reinsurance products, including property, specialty, marine and energy, accident and health, and casualty. The HG Global/BAM segment is engaged in the mutual municipal bond insurance business in the United States. The Kudu segment provides capital solutions for boutique asset and wealth managers for a variety of purposes including generational ownership transfers, management buyouts, acquisition and growth finance and legacy partner liquidity. The Bamboo segment includes capital-light, tech- and data-enabled insurance distribution platform, which provides homeowners' insurance and related products to the residential property market in California.