White Mountains hires Aon exec as CFO

Bermuda-based White Mountains Insurance Group has announced Liam P Caffrey as its new chief financial officer. The former Aon executive will start his new role in March 2022.

Caffrey left Aon in April 2021 after nine years that saw him act in senior roles, including global CFO of Aon Risk Solutions and CEO of Aon Affinity. Most recently, he was special advisor to the CEO.

On leaving, he set up independent consultants Second City Advisors. Since April, he has also worked part-time as an executive in residence at private equity investment management firm Warburg Pincus.

Current White Mountains CFO Reid T Campbell will become president of the group in March 2022. He will also continue to serve as a director of Build America Mutual Assurance Company and Ark Insurance Holdings Limited.

G Manning Rountree, White Mountains’ chief executive officer welcomed the appointments: “We are pleased to announce Liam’s hiring as CFO and Reid’s transition to the role of president. Liam is a seasoned leader with over 20 years of experience in senior business, finance, operations and consulting roles, who will add great value to White Mountains.

“As President, Reid will continue to provide important leadership to the company and will serve as a key resource for Liam and the finance, accounting and audit teams.”