White Mountains elects new board director, announces annual dividend

Firm seeks to benefit from stalwart's knowledge and expertise

White Mountains elects new board director, announces annual dividend

Insurance News

By Kenneth Araullo

Bermuda-based White Mountains Insurance Group has announced significant developments in its leadership and shareholder returns following a board of directors meeting.

Reid T Campbell, following a notable 30-year tenure with White Mountains, including serving as president, has been elected as a director of the company upon his retirement. This move underscores the company’s intention to preserve Campbell’s extensive experience and expertise within its strategic planning and governance framework.

CEO Manning Rountree expressed gratitude for Campbell’s substantial contributions to the company’s success over the years and welcomed him to the board of directors.

“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,” he said. “And I welcome Reid to our board of directors, where we will continue to benefit from his knowledge and expertise.”

In addition to this leadership transition, the board of directors declared an annual dividend of $1.00 per share, demonstrating its commitment to providing returns to its shareholders.

It is scheduled to be paid in cash on March 20, 2024, to holders of record of common shares as of the close of business on March 11, 2024.

White Mountains Insurance Group trades on both the New York Stock Exchange and the Bermuda Stock Exchange under the symbols WTM and WTM.BH, respectively.

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