John Cavoores, president and chief executive officer of OneBeacon Insurance Group, has left the company for personal reasons.
Mr. Cavoores, 48, will be replaced by Mike Miller, 46, who assumes the position immediately, said Bermuda-based White Mountains Insurance Group, Ltd., the parent company of the Boston-based insurer, on Friday.
Mr. Miller joined OneBeacon earlier this year as the company's chief operating officer. White Mountain said Mr. Cavoores "recruited his old friend" Mr. Miller as the likely successor.
Mr. Miller was co-chief operating officer at St. Paul Travelers, joining OneBeacon in April. He has over 24 years of industry experience, with 14 years at Chubb and the last 10 at St. Paul where he ran the specialty businesses.
Mr. Cavoores joined White Mountain in 2000 and was named CEO of OneBeacon in 2003.
In a statement, Ray Barrette, CEO of White Moutain and chairman of OneBeacon, credited Mr. Cavoores with reinventing the company.
"We wish him and his family happiness as he transitions away from his White Mountains-OneBeacon family and would hope to work with him again in the future," he added.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
