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CAVOORES JOINS WHITE MOUNTAINS John Cavoores, the former chief operating officer of Reliance Group Holdings Inc.'s insurance operations, has joined White Mountains Insurance Group Ltd. In his new position, Mr. Cavoores will be managing director of the as-yet-unnamed holding company for CGU Insurance Co.-the U.S. property/casualty operations of U.K. insurer CGNU Group P.L.C.-which Hamilton, Bermuda-based White Mountains is buying for $2.53 billion. Prior to working for New York-based Reliance, which he joined in April, Mr. Cavoores was president of National Union Fire Insurance Co. of Pittsburgh, Pa., the directors and officers liability insurance unit of American International Group Inc. in New York. Prior to that, he was chief underwriting officer at Chubb Corp. in Warren, N.J. Mr. Cavoores joined Reliance as part of a turnaround team, but the retooling plans were largely scuttled in June, when the insurer's financial strength ratings were downgraded to levels that were unacceptable to many of its customers. Much of the company has since been sold off, and the remaining units have ceased writing new business. White Mountains' principal U.S. offices are in Hanover, N.H. Longtime insurance executive Jack Byrne serves as its chairman and chief executive officer.