13th Mar 2006 07:02
Lancashire Holdings Limited13 March 2006 Lancashire Holdings Limited Announces Recruitment of Deputy Chief UnderwritingOfficer HAMILTON, Bermuda (13th March 2006) - Lancashire Holdings Limited todayannounces the intended appointment of Simon Burton as Deputy Chief UnderwritingOfficer of Lancashire Insurance Company Limited with effect from 10th April2006, subject to approval from the Bermuda Department of Immigration. Simon brings extensive technical and practical underwriting experience toLancashire Insurance Company Limited, in a wide range of short tail propertyclasses on an insurance, reinsurance and retrocessional basis. Simon will joinLancashire from the ACE Group, where he was most recently employed as President,ACE Financial Solutions International. Prior to joining ACE Simon worked as aconsulting actuary at Tillinghast in London and Bermuda. Richard Brindle, Chief Executive, said, "This is an exciting development for theGroup. Following closely on the appointment of Bryan Bumsted as RetrocessionUnderwriter and Vice President in February 2006, Simon will provide valuablemanagement oversight that will further enhance the strength of our underwritingteam in Bermuda." Separately J. Alex Richards, currently Retrocession Underwriter and VicePresident of Lancashire Insurance Company Limited, will leave the company bymutual consent effective 1 April 2006. About Lancashire Lancashire Holdings Limited, through its operating subsidiary, LancashireInsurance Company Limited, is a Bermuda-based provider of reinsurance andinsurance. Lancashire Holdings Limited is admitted to AIM under the tickersymbol LRE. Contacts: Neil McConachie Chief Financial Officer +1 441 278 8950 Financial Dynamics Robert Bailhache +44 20 7269 7200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lancashire Holdings