The board of directors of Bermuda-based White Mountains Insurance Group Ltd has elected Suzanne F Shank as a director of the company.

Ms Shank is the president, CEO and co-founder of Siebert Williams Shank & Co LLC, a full-service investment banking firm offering debt and equity origination services to a wide range of Fortune 500 companies and debt underwriting for municipal clients nationally.

She currently serves as a director of CMS Energy and Rocket Companies and is on the boards of the Kresge Foundation, the Skillman Foundation, the Detroit Regional Chamber (Executive Committee), the Wharton Graduate Board of Trustees and the Spelman College Board of Trustees.

White Mountains CEO Manning Rountree said: "We are delighted to welcome Suzanne to our board of directors. Her extensive experience in investment banking and municipal finance is particularly relevant to White Mountains and will greatly benefit our owners."

White Mountains is a Bermuda-domiciled financial services holding company traded on the New York Stock Exchange and the Bermuda Stock Exchange under the symbol "WTM".