Financial Services >> CEO Interviews >> November 17, 2003
DAVID T. FOY, is the Executive Vice President and Chief Financial
Officer of White Mountains Insurance Group, Ltd. Since Mr. Foy's arrival
in March 2003, the company has refinanced its bank debt through a $700
million senior notes offering, was declared effective on a $2 billion
shelf registration, and recently closed on a new $300 million credit
facility. Most recently, he was Senior Vice President and Chief
Financial Officer for Hartford Life, the nation's fourth largest life
insurance group and a subsidiary of The Hartford Financial Services
Group. Mr. Foy joined Hartford Life in 1993 in the individual annuity
operation. In 1995, he became the Director of Finance for the company.
He led Hartford Life's initial public offering in 1997 and their
acquisition of PLANCO in 1998. In 1998, he was promoted to Senior Vice
President and given responsibility for all of the finance functions at
Hartford Life. In 2001, the company acquired Fortis Financial Group for
$1.1 billion. Mr. Foy was previously employed by Milliman & Robertson,
an actuarial consulting firm, from 1989 to 1993. He graduated from
Rochester Institute of Technology in 1989 with a BS in Applied
Statistics and is a Fellow in the Society of Actuaries. Profile
is today?
Mr. Foy: White Mountains Insurance Group is engaged in the property-
casualty insurance and reinsurance
