White Mountains Insurance Group, Ltd has announced that its board of directors has accepted the retirement of Mark Byrne from the board with effect from 26 February 2004.
Chairman George Gillespie said, "Mark Byrne, a director since 2001, has contributed considerable financial acumen and wisdom to our Board considerations. However, in light of the new regulatory requirements for independent directors, Mark has decided to step down from our Board as a part of in the process of satisfying these requirements."
The board also announced that it has declared a $1.00 per share annual dividend, payable in cash on 24 March 2004, to holders of record of common shares as of the close of business on 15 March 2004.
