18th Sep 2006 12:52
Lancashire Holdings Limited18 September 2006 Hamilton, Bermuda, 18 September 2006 LANCASHIRE HOLDINGS LIMITED ANNOUNCES APPOINTMENT OF DIRECTOR Lancashire Holdings Limited (the "Company") today announced the appointment ofMartin Nicholas Caleb Thomas as a non-executive Director of the Company as ofits close of business on Friday 15th September. Martin Thomas, age 43, is a solicitor and was most recently an official of theBank of England on secondment to the EU Commission. At the Commission, he workedin the Financial Services Policy and Financial Markets Directorate of the EUCommission's Internal Market and Services Directorate General. Before Martin joined the Commission, he established the Financial Markets LawCommittee at the Bank of England. Prior to that he was Deputy Chief Executive ofthe Financial Law Panel and Senior Counsel to the European Central Bank inFrankfurt. He started his career in private practice, specialising in corporateand commercial litigation at Travers Smith, and the law and regulation offinancial services at Clifford Chance. Martin is currently a director of Downside Up Limited and Crossflow Limited. Inthe previous 5 years he has been a director of The Balance Charitable Foundationfor Unclaimed Assets, Brinthom Limited and Portobello Games Limited. Commenting on Martin Thomas' appointment, Robert Spass, Chairman of the Company,said: "I am delighted to welcome Martin to Lancashire's Board. His considerableexperience gained in the financial services sector will be of significant valueto the Lancashire group in its future development, particularly in light of theestablishment of our new FSA authorised insurance platform". For further information, please contact: Lancashire Holdings +1 441 278 8950Neil McConachieGreg Lunn Financial Dynamics +44 20 7269 7200Robert Bailhache www.lancashire.bm About Lancashire Lancashire was established in 2005 as a new insurance and reinsurance businessto take advantage of the favourable underwriting conditions expected to arisefrom the large insured losses incurred in 2004 and 2005. The Company has anA.M. Best rating of A- (Excellent) with a stable outlook. Lancashire was admitted to AIM on 16 December 2005 following an Offer of CommonShares to investors. The Common Shares trade on AIM under the ticker symbolLRE. NOTE REGARDING FORWARD-LOOKING STATEMENTS CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT ORHISTORICAL FACTS ARE FORWARD-LOOKING IN NATURE INCLUDING, WITHOUT LIMITATION,STATEMENTS CONTAINING WORDS "BELIEVES", "ANTICIPATES", "PLANS", "PROJECTS","INTENDS", "EXPECTS", "ESTIMATES", "PREDICTS", "MAY", "WILL", "SEEKS", "SHOULD"OR, IN EACH CASE, THEIR NEGATIVE OR COMPARABLE TERMINOLOGY. ALL STATEMENTSOTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSEREGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY,PROSPECTS, GROWTH, BUSINESS STRATEGY, PLANS AND OBJECTIVES OF MANAGEMENT FORFUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THEGROUP'S INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS. SUCHFORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES ANDOTHER IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE ORACHIEVEMENTS OF THE GROUP TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS,PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKINGSTATEMENTS. THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THISANNOUNCEMENT OR OTHER INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITEDEXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED TO COMPLYWITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE AIM RULES)) TODISSEMINATE ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENTS CONTAINEDHEREIN TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD THERETO ORANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT ISBASED. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lancashire Holdings