This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Lancashire Holdings Limited Appointments of Directors
Hamilton, Bermuda: 19 November, 2007 -- Lancashire Holdings Limited ("Lancashire") announces the appointment of Jens Juul as an additional non-executive director of Lancashire and the appointment of Simon Burton as an additional executive director of Lancashire. The appointments were made on 16 November 2007.
Jens Juul
Jens Niklas Herman Stigson Juul, who is 58, has 29 years of international reinsurance experience. He founded and managed subsidiaries for the Storebrand Group in Latin America and Canada and was also the Chief Financial Officer of their US subsidiary, Christiana General. In 1986 he moved to Bermuda where he was the founding Chief Executive Officer of Scandinavian Re until his retirement in 2002. He is also the Honorory Consul of Sweden in Bermuda.
Jens is currently a director of Rosemont Reinsurance Company and Catalina Holdings Ltd. In the previous 5 years he has been a director of GHK First Equity Fund.
Simon Burton
Simon Burton, age 37, is currently Deputy Chief Executive Officer of Lancashire Holdings Limited and Chief Executive Officer and Chief Underwriting Officer of Lancashire Insurance Company Limited, the Group's Bermuda underwriting platform.
Simon joined Lancashire in March 2006 after 10 years at Financial Solutions International, an underwriting division of the ACE Group of Companies. Prior to joining ACE, Simon was a consulting actuary at Tillinghast-Towers Perrin in London and Bermuda.
Simon is currently a director of Lancashire Insurance Company Limited. He currently holds 240,000 common shares in Lancashire. He also has 800,000 options awarded under Lancashire's Long Term Incentive Plan which have an exercise price based on market value at the time of the award and 559,182 time-vesting warrants and 482,932 performance-vesting warrants with an exercise price of $5.00 to purchase Lancashire's shares.
Commenting on the appointments, Martin Thomas, Lancashire's Chairman, said "We are delighted with Jens' and Simon's appointments. Jens' length of experience in the insurance industry and in Bermuda and Simon's management and underwriting roles within the group mean they will be excellent additions to the Board".