7 March 2017Insurance

Rountree replaces Barrette at OneBeacon Insurance

Bermuda-based OneBeacon Insurance Group has appointed Manning Rountree as class III director, succeeding Ray Barrette who has retired from the company and its parent White Mountains.

White Mountains Insurance Group recently announced the retirement of Barrette as chairman and chief executive officer (CEO). Barrette also resigned from his role as a class III director of OneBeacon on March 1.

Rountree, who has been elected as the new CEO of White Mountains, assumed his position at the subsidiary on March 06.

The company said in a filing that Rountree will not be entitled to any compensation for his service as a director of OneBeacon as he is an employee of its parent.

Prior to this, Rountree was the executive vice president of White Mountains and president of White Mountains Capital. He joined the company in 2004.

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More on this story

3 March 2017   Bermuda-based White Mountains Insurance Group has elected Manning Rountree as chief executive officer (CEO) with immediate effect, succeeding Ray Barrette, who is retiring from the company.
8 February 2017   Profits soared at Bermuda-based insurer White Mountains in 2016 boosted by one-off gains from selling units including Sirius Group. The company also revealed it is sitting on a large amount of undeployed capital and is “looking for opportunities” to use this.
3 May 2017   Insurance group White Mountains has agreed to sell OneBeacon Insurance Group to Intact Financial Corporation, Canada's largest provider of property/casualty insurance, for approximately $1.7 billion.