CEO Liam Caffrey highlighted the strategic value of the addition, noting that Klar’s deep industry background will provide significant benefits to the firm’s shareholders. The transition follows Klar’s tenure at Wellington Management, where he held top executive roles. White Mountains continues to operate as a financial services holding entity, maintaining listings on both the New York Stock Exchange and the Bermuda Stock Exchange under the ticker WTM.
Stephen Klar Joins White Mountains Board of Directors
Stephen Klar, the former president and managing partner of Wellington Management Group, has been elected to the board of directors at White Mountains Insurance Group. The appointment brings a veteran financial services leader into the fold for the Bermuda-domiciled holding company as it looks to bolster its governance expertise.
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