---
schema_version: "secwatch.filing_event.v1"
accession: "0000776867-21-000022"
form_type: "8-K"
ticker: "WTM"
cik: "0000776867"
company_name: "WHITE MOUNTAINS INSURANCE GROUP LTD"
filed_at: "2021-12-02T23:59:59+00:00"
generated_at: "2026-06-28T04:17:25.592696+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# White Mountains appoints Liam Caffrey CFO effective March 1, 2022; Reid Campbell transitions to President

## Summary
- Caffrey receives $500k base salary, 75% annual bonus target, LTI grant of 1,250 restricted and 1,250 performance shares for 2022-2024.
- Signing bonus of $975k payable in three equal annual installments; repayment required if Caffrey voluntarily leaves before March 15, 2024.
- Caffrey currently consulting under a $100k/month agreement through Feb 28, 2022; must repay if he does not join as CFO by March 15, 2022.
- Outgoing CFO Reid Campbell becomes President on March 1, 2022, maintaining duties except CFO, and will retire in February 2024.
- Caffrey previously CEO of Aon Affinity, global CFO of Aon Risk Solutions, and partner at McKinsey.

## SEC filing metadata
- accession: 0000776867-21-000022
- form_type: 8-K
- ticker: WTM
- cik: 0000776867
- company_name: WHITE MOUNTAINS INSURANCE GROUP LTD
- filed_at: 2021-12-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/0000776867-21-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/wtm-20211129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000776867-21-000022
- JSON: https://secwatch.observer/filing/0000776867-21-000022.json
- Plain text: https://secwatch.observer/filing/0000776867-21-000022.txt

## Key facts
- Executive change
  Liam P. Caffrey was appointed as Executive Vice President and Chief Financial Officer at WHITE MOUNTAINS INSURANCE GROUP LTD.
  - Action: will become
  - Role: Executive Vice President and Chief Financial Officer
  source text: On March 1, 2022, Liam P. Caffrey, 49, will become Executive Vice President and Chief Financial Officer of White Mountains Insurance Group, Ltd. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/0000776867-21-000022-index.htm
- Executive change
  Reid T. Campbell changed role as President at WHITE MOUNTAINS INSURANCE GROUP LTD.
  - Action: will become
  - Role: President
  source text: Reid T. Campbell, the current Executive Vice President and Chief Financial Officer of the Company, will become President of the Company on March 1, 2022 and will serve in that role until his retirement in February 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/776867/000077686721000022/0000776867-21-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.