Lancashire Hld Ltd Appointment of CEO of LICL and CUO at LUK
07 Novembre 2019 - 08:00AM
UK Regulatory
TIDMLRE
LANCASHIRE HOLDINGS LIMITED
7 November 2019
Hamilton, Bermuda
Appointment of CEO of Lancashire Insurance Company Limited and CUO at
Lancashire Insurance Company (UK) Limited
Lancashire Holdings Limited ("Lancashire") has today announced two new
appointments within the Lancashire Group.
Hayley Johnston will become the new Chief Executive Officer of Lancashire
Insurance Company Limited ("LICL") with effect from a date to be finalised in
the spring of 2020. Hayley will succeed Elaine Whelan, who announced her
retirement plans earlier this year. LICL is the principal Bermuda regulated
insurance and reinsurance carrier for the Lancashire Group. James Flude will
assume the role of Chief Underwriting Officer at Lancashire Insurance Company
(UK) Limited ("LUK"), the Group's UK regulated insurer, a role previously held
by Hayley Johnston. Both appointments are subject to all relevant regulatory
and governance approvals.
Hayley has many years' experience in the London and international insurance and
reinsurance markets and joined Lancashire in 2007 as a marine and aviation
underwriter and outwards reinsurance manager. Hayley subsequently progressed
through the Group and was appointed LUK Chief Underwriting Officer in 2014.
Elaine will step down from her role as CEO of LICL at the end of February 2020.
James Flude joined Lancashire in 2014 as head of marine and energy underwriting
and assumed additionally the role of LUK Deputy Chief Underwriting Officer in
2017.
Alex Maloney, Lancashire Group CEO, said:
"I am delighted to see Hayley and James succeed to these senior roles within
our Group. Both are longstanding colleagues and valued members of our
management team, and each one will bring fresh perspectives and strategic
vision to their new roles. I would also like to thank Elaine, as our Bermuda
CEO, for her dedication and contribution to our success over many years.
As we announced earlier in the year, Elaine will also step down from her Group
Chief Financial Officer role in early 2020 and we expect to be able to report
on our succession plans for that role before the end of this year."
For further information, please contact:
Lancashire Holdings Limited
Christopher Head +44 20 7264 4145
chris.head@lancashiregroup.com
Jelena Bjelanovic +44 20 7264 4066
jelena.bjelanovic@lancashiregroup.com
FTI Consulting +44 20 37271046
Edward Berry Edward.Berry@FTIConsulting.com
Tom Blackwell Tom.Blackwell@FTIConsulting.com
About Lancashire
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a
provider of global specialty insurance and reinsurance products.
Lancashire has capital of approximately $1.4 billion and its common shares
trade on the premium segment of the Main Market of the London Stock Exchange
under the ticker symbol LRE. Lancashire has its head office and registered
office at Power House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda.
The Bermuda Monetary Authority is the Group Supervisor of the Lancashire Group.
For more information, please visit Lancashire's website at
www.lancashiregroup.com.
This release contains information, which may be of a price sensitive nature
that Lancashire is making public in a manner consistent with the EU Market
Abuse Regulation and other regulatory obligations. The information was
submitted for publication, through the agency of the contact persons set out
above, at 07:00 GMT on 7 November 2019.
NOTE REGARDING FORWARD-LOOKING STATEMENTS:
ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS
AT THE DATE OF PUBLICATION. LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR
UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY
OBLIGATIONS INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE
ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY
CHANGES IN THE GROUP'S EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH
STATEMENT IS BASED. ALL SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS
ATTRIBUTABLE TO THE GROUP OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE
EXPRESSLY QUALIFIED IN THEIR ENTIRETY BY THIS NOTE.
END
(END) Dow Jones Newswires
November 07, 2019 02:00 ET (07:00 GMT)
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