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Byrne leaves board of White Mountains.
(From Insurance Day)
Byline: Scott Vincent
REINSURANCE holding company White Mountains, which last week confirmed a $1-per-share annual dividend, has announced the retirement of Mark Byrne from its board of directors, writes Scott Vincent, London.
George Gillespie, chairman of the Bermuda-based company, said: "Mark Byrne, a director since 2001, has contributed considerable financial acumen and wisdom to our board considerations. In light of the new regulatory requirements for independent directors, Mark has decided to step down from our board as a part of the process for satisfying these requirements."
White Mountains earlier issued a statement confirming that the dividend will be payable in cash to all holders of common shares on March 24.
The board of directors of fellow Bermudian ...
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