The former chief operating officer of Reliance Group Holdings’ insurance operations has joined White Mountains Insurance Group Ltd. as managing director of the holding company for White Mountains’ pending acquisition, CGU Insurance Co. John Cavoores will oversee the U.S. property/casualty operations of U.K. insurer CGNU Group, which Bermuda-based White Mountains is buying for $2.53 billion.
Prior to joining Reliance in April, Cavoores was president of National Union Fire Insurance Co. of Pittsburgh, the D&O liability insurance unit of American International Group. Prior to that, he was chief underwriting officer at Chubb Corp.
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Why Florida Property Insurance Rates Might (and Might Not) Keep Falling 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
