| Business Summary | | White
Mountains
Insurance
Group
Ltd.
conducts
its
principal
operations
through
its
subsidiaries
and
affiliates
in
the
businesses
of
property
and
casualty
insurance
and
reinsurance.
The
Company
owns
Folksamerica
Holding
Company
Inc.,
a
multi-line
broker-market
reinsurer
that
provides
reinsurance
to
insurers
of
property
and
casualty
and
accident
and
health
risks
in
the
United
States,
Canada,
Latin
America
and
the
Caribbean.
White
Mountains'
business
approach
is
to
invest
all
assets
to
maximize
their
after-tax
total
return
over
extended
periods
of
time.
Under
this
approach,
each
dollar
of
after-tax
investment
income,
realized
gains
and
unrealized
gains
is
valued
equally. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | White
Mountains
Insurance
Group,
Ltd.
through
its
subsidiaries,
provides
property
and
casualty
insurance,
reinsurance
and
financial
guaranty
insurance.
For
the
six
months
ended
6/30/01,
revenues
totalled
$706.8
million,
up
from
$247
million.
Net
loss
before
extraordinary
items
applicable
to
Com.
totalled
$88
million,
up
from
$5.8
million.
Revenues
reflect
increased
insurance
premiums
earned.
Net
loss
suffered
from
$78.1
million
in
share
appreciation
expenses
for
series
B
warrants. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Byrne, 69 Chairman | $642K | K. Thomas Kemp, 60 Pres,
Director | 387K | Michael Paquette, 37 Sr.
VP, Controller | -- | Reid Campbell, 33 VP
of Fin. | 264K | David Staples, 40 VP | 167K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|