24 February 2023Insurance

Former Alleghany/Chubb veteran offered board seat at White Mountains

The board of directors of Bermuda-based insurer  White Mountains Insurance Group (WTM) has elected the former president and CEO of Alleghany Corporation as a director of the company.

Weston Hicks (pictured) served as the chief executive officer of Alleghany for more than 17 years until December 2021. During Hicks’ tenure Alleghany’s stockholders’ equity had grown to approximately $8.8 billion by the end of 2020.

Hicks also served on the boards of Alleghany Corporation and AllianceBernstein Corporation. Prior to joining Alleghany in October 2002, he was the chief financial officer (CFO) of Chubb.

Commenting on Hicks’ appointment, White Mountains’ CEO Manning Rountree said: "We are delighted to welcome Weston to our Board of Directors. His long career in the insurance industry is especially relevant to White Mountains and will greatly benefit our owners."

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