Gary Tolman Resigns from the Board of Directors of White Mountains Insurance Group, Ltd
January 07, 2019 at 08:11 am
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Effective January 3, 2019, Gary Tolman has resigned from the Board of Directors of White Mountains Insurance Group, Ltd. Mr. Tolman’s resignation comes in connection with the launch of Noblr - a new property and casualty insurance provider, focused initially on personal auto, that uses telematics and proprietary technology to deliver real-time rates and feedback to customers based on their driving behavior. Mr. Tolman’s decision to leave the Board at this time was due to his desire to avoid any potential conflicts between his roles at White Mountains and Noblr and not due to any disagreement with White Mountains or its management.
White Mountains Insurance Group, Ltd. is a financial services holding company. The Company operates through four segments: Ark/WM Outrigger, HG Global/BAM, Kudu and Bamboo. The Ark/WM Outrigger segment is engaged in specialty property and casualty insurance and reinsurance business that offers a range of niche insurance and reinsurance products, including property, specialty, marine and energy, accident and health, and casualty. The HG Global/BAM segment is engaged in the mutual municipal bond insurance business in the United States. The Kudu segment provides capital solutions for boutique asset and wealth managers for a variety of purposes including generational ownership transfers, management buyouts, acquisition and growth finance and legacy partner liquidity. The Bamboo segment includes capital-light, tech- and data-enabled insurance distribution platform, which provides homeowners' insurance and related products to the residential property market in California.