22nd Aug 2007 07:01
Lancashire Holdings Limited22 August 2007 Lancashire Holdings Limited 22 August 2007 Appointment of Chief Risk Officer Lancashire Holdings Limited (the "Company") announces the appointment of NeilMcConachie as Chief Risk Officer of the Group. The appointment is subject toBermuda immigration approval. In addition to his new appointment Neil McConachiecontinues as Chief Financial Officer of the Company. Chief Executive Officer, Richard Brindle, said: "Good governance, risk management and internal controls are essential tocorporate success and longevity and are particularly important for insurancecompanies. Neil's appointment as Chief Risk Officer signals our belief in goodrisk management over insurance, operational and other risks throughout ourbusiness and its importance in our management culture. Our aim is further toembed a consistent and focussed approach to risk within the Group." For further information, please contact: Lancashire HoldingsNeil McConachie +1 441 278 8950Greg Lunn +1 441 278 8953 Financial Dynamics +44 20 7269 7114Robert Bailhache www.lancashiregroup.com About Lancashire Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a globalprovider of specialty insurance products. Its insurance subsidiaries carry theLancashire group rating of A minus (Excellent) from A.M. Best with a stableoutlook. Lancashire has capital in excess of US$1 billion and its common sharestrade on AIM under the ticker symbol LRE. Lancashire is headquartered atMintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, Bermuda. The mailingaddress is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX,Bermuda. For more information on Lancashire, visit the Company's website atwww.lancashiregroup.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lancashire Holdings