Liam P Caffrey is to become the chief financial officer of White Mountains Insurance Group Ltd, the Bermudian-domiciled financial services holding company.

The appointment is effective from March 1.

Mr Caffrey currently serves as a consultant to a subsidiary of the company.

Previously he spent nine years at Aon plc, most recently as CEO of Aon Affinity and global CFO of Aon Risk Solutions.

Before Aon, Mr Caffrey was a partner with McKinsey & Company.

Also on March 1, White Mountains’ current CFO, Reid T Campbell, will become president of the company and will serve in that role until his retirement in February 2024.

In his role as president, the company said, Mr Campbell will maintain all his current executive duties other than his responsibilities as CFO.

In addition, Mr Campbell will continue to serve as a director of Build America Mutual Assurance Company and Ark Insurance Holdings Limited.

Manning Rountree, chief executive officer of White Mountains, said: "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."