White Mountains Insurance Group

Reid T. Campbell Elected to the White Mountains Board

Retrieved on: 
Friday, February 23, 2024

HAMILTON, Bermuda, Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Reid T. Campbell as a director of the Company.

Key Points: 
  • HAMILTON, Bermuda, Feb. 23, 2024 /PRNewswire/ -- The Board of Directors of White Mountains Insurance Group, Ltd. (NYSE: WTM) has elected Reid T. Campbell as a director of the Company.
  • Mr. Campbell's election to the Board follows his retirement as President of the Company after a distinguished thirty-year career at White Mountains.
  • CEO Manning Rountree said, "I thank Reid for the substantial value he has created for shareholders over many years as a key member of the White Mountains management team.
  • And I welcome Reid to our Board of Directors, where we will continue to benefit from his knowledge and expertise."

ZACHARY MATTLER JOINS WHITE MOUNTAINS PARTNERS AS PRINCIPAL

Retrieved on: 
Monday, February 12, 2024

NEW YORK, Feb. 12, 2024 /PRNewswire/ -- White Mountains Partners announced today that Zachary ("Zack") Mattler has joined its founding team as a Principal.

Key Points: 
  • NEW YORK, Feb. 12, 2024 /PRNewswire/ -- White Mountains Partners announced today that Zachary ("Zack") Mattler has joined its founding team as a Principal.
  • Prior to joining White Mountains Partners, Zack was a Vice President at J.F.
  • Zack will play an important role in building White Mountains Partners into a patient and flexible capital partner to family, founder, and entrepreneur-owned businesses."
  • White Mountains Partners is a wholly-owned business unit of White Mountains Insurance Group, Ltd. (NYSE: WTM) and provides first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial and specialty consumer sectors.

Spectral AI Names Industry Veteran and Former Top MiMedx Financial Executive Peter M. Carlson as CFO

Retrieved on: 
Tuesday, December 19, 2023

DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, announced the hiring of Peter M. Carlson as Chief Financial Officer today.

Key Points: 
  • DALLAS, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, announced the hiring of Peter M. Carlson as Chief Financial Officer today.
  • The growth and value potential for Spectral AI are significant,” said Mr. Carlson.
  • At MetLife, as Chief Accounting Officer, he led accounting, tax and financial reporting activities, along with budgeting and financial planning.
  • Carlson will succeed Nils Windler, who will remain with Spectral AI to work closely with Mr. Carlson, support an orderly transition of responsibilities and provide financial accounting support to the Company.

White Mountains Renews Lead Commitment in Ark-Sponsored Reinsurance Sidecar

Retrieved on: 
Thursday, December 21, 2023

HAMILTON, Bermuda, Dec. 21, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has renewed Outrigger Re Ltd. ("Outrigger") for business incepted during calendar year 2024.

Key Points: 
  • HAMILTON, Bermuda, Dec. 21, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) ("White Mountains") announced today that Ark Insurance Holdings Limited ("Ark"), its specialty property and casualty reinsurance and insurance subsidiary, has renewed Outrigger Re Ltd. ("Outrigger") for business incepted during calendar year 2024.
  • Outrigger has received $250 million of total investor capital for January 1, including $130 million from White Mountains.
  • Manning Rountree, Chief Executive Officer of White Mountains, said, "We are pleased to continue supporting Outrigger Re and the underwriting team at Ark.
  • We are pleased to see expanded investor interest in supporting Outrigger including White Mountains's ongoing lead commitment."

AM Best Affirms Credit Ratings of Group Ark Insurance Limited

Retrieved on: 
Friday, December 1, 2023

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Group Ark Insurance Limited (GAIL) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Group Ark Insurance Limited (GAIL) (Bermuda).
  • GAIL is a wholly owned subsidiary of Ark Insurance Holdings Limited (Ark), the non-operating holding company of the Ark group.
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on GAIL’s outstanding rated instruments.
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Sage Advisory Services Adds Kudu Investment Management as Minority Partner

Retrieved on: 
Wednesday, December 13, 2023

AUSTIN, Texas and NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Sage Advisory Services, Ltd. (Sage), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has made a minority investment in Sage.

Key Points: 
  • AUSTIN, Texas and NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Sage Advisory Services, Ltd. (Sage), an investment manager with more than $23 billion in client assets under management and advisement, primarily in fixed income strategies, and Kudu Investment Management, LLC (Kudu), a provider of permanent capital solutions to independent asset and wealth managers, today announced that Kudu has made a minority investment in Sage.
  • Sage's investment strategies include taxable and tax-exempt fixed income, liability-driven investing, enhanced cash management, global tactical ETF asset allocation, and responsible investing.
  • Sage continues to be led by executive committee members Smith; Thomas Urano, co-CIO; Robert Williams, chief investment strategist; Michael Walton, managing partner; and Robert Moser, managing partner.
  • "In Kudu we have found a strategic partner to sustain the next chapter of Sage's growth and development," Smith said.

WHITE MOUNTAINS LAUNCHES WHITE MOUNTAINS PARTNERS

Retrieved on: 
Wednesday, October 25, 2023

HAMILTON, Bermuda, Oct. 25, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that it has launched White Mountains Partners ("WM Partners"), a new, wholly-owned business unit that will provide first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial, and specialty consumer sectors.

Key Points: 
  • HAMILTON, Bermuda, Oct. 25, 2023 /PRNewswire/ -- White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that it has launched White Mountains Partners ("WM Partners"), a new, wholly-owned business unit that will provide first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial, and specialty consumer sectors.
  • Manning Rountree, White Mountains' Chief Executive Officer, said, "We are pleased to launch WM Partners, which will extend White Mountains' long-term, value-oriented approach into additional attractive sectors.
  • John J. Daly, White Mountains Partners' CEO and Managing Partner, said, "I am excited to join White Mountains, and I am focused on building long-term value for its shareholders.
  • WM Partners is a wholly-owned business unit of White Mountains and will provide first institutional capital to family, founder, and entrepreneur-owned businesses in the essential services, light industrial and specialty consumer sectors.

Braven Announces Launch of Financial Services & Insurance Innovation Unit and Welcomes Joel Herold as Cobuild Partner

Retrieved on: 
Thursday, September 14, 2023

Braven, an early stage investment firm specializing in regulated industries, today announces its second innovation group, the Financial Services & Insurance Unit, focusing on digital transformation in finance, capital markets, banking, and insurance.

Key Points: 
  • Braven, an early stage investment firm specializing in regulated industries, today announces its second innovation group, the Financial Services & Insurance Unit, focusing on digital transformation in finance, capital markets, banking, and insurance.
  • Joel Herold joins the unit as Braven’s first Cobuild Partner to manage the development of Braven's portfolio investments and the incubation of companies within these sectors.
  • “Insurance and financial services are the invisible glue behind every industry,” says William Abecassis, Braven’s Managing Partner.
  • The Financial Services & Insurance Unit is jointly led by William Abecassis and LizAnn Eisen, Senior Regulatory & Strategy Partner, with operational leadership provided by Joel Herold.

Federal Life Group Hires Knut Olson as CEO

Retrieved on: 
Tuesday, August 8, 2023

CHICAGO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. and its affiliates (“Federal Life”), a leading provider of insurance and retirement solutions founded in 1899, announced that Knut A. Olson has joined the firm as CEO and a member of the board of directors.

Key Points: 
  • CHICAGO, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Federal Life Group, Inc. and its affiliates (“Federal Life”), a leading provider of insurance and retirement solutions founded in 1899, announced that Knut A. Olson has joined the firm as CEO and a member of the board of directors.
  • Olson succeeds Bill Austin, who will continue to serve on the board of directors as executive vice chairman and provide executive advisory services to Federal Life.
  • Olson brings more than 30 years of experience in the life and health insurance and annuity industries to Federal Life.
  • “I am pleased to have joined the Federal Life board and am excited to work with Knut Olson, Tom Marra, David Herzog, and the rest of the team to build a world-class life, health, and annuity platform,” said Foy.

Morgan Davis Retires from White Mountains Board of Directors; Weston M. Hicks Elected Chairman

Retrieved on: 
Thursday, May 25, 2023

HAMILTON, Bermuda, May 25, 2023 /PRNewswire/ --  White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that Weston M. Hicks has been elected Chairman of the Board.

Key Points: 
  • HAMILTON, Bermuda, May 25, 2023 /PRNewswire/ --  White Mountains Insurance Group, Ltd. (NYSE: WTM) today announced that Weston M. Hicks has been elected Chairman of the Board.
  • Mr. Hicks replaces Morgan Davis, who has retired from the Board effective today.
  • Weston Hicks said, "I am honored to assume the Chairmanship of this unique and wonderful company.
  • Weston is a perfect fit for White Mountains with his broad experience and deep understanding of all aspects of our business."