OneBeacon Insurance Group LLC, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. (NYSE: WTM), has announced that John Cavoores has been elected CEO of OneBeacon effective immediately. Cavoores will continue as President of OneBeacon.
Ray Barrette, President and CEO of White Mountains, said, "John has demonstrated all the skills required to successfully lead OneBeacon and I believe that he is the right person at the right time. The company is doing well and the results are good, and I have every confidence that John will continue to make OneBeacon a successful company."
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