White Mountains taps former Aon leader as chief financial officer

Bermuda-based  White Mountains Insurance Group has appointed a former Aon executive to serve as its next chief financial officer (CFO), effective March 2022.

Liam Caffrey (pictured), who currently serves as a consultant to a subsidiary of White Mountains, 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 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.

G Manning Rountree, White Mountains’ chief executive officer, said: “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.”

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