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Lancashire Holdings Ltd – Director Appointment
Hamilton, Bermuda – 03 February, 2015 – Lancashire Holdings Limited (“Lancashire” or “the Company”; Ticker: LHL BH) announces the appointment of Tom Milligan as a Non-Executive Director (“NED”) with effect from 3 February 2015.
Tom joins the Board of Lancashire having recently retired as Co-Chief Executive Officer of Ariel Re Holdings Ltd (“Ariel”), following the completion of its sale to BTG Pactual. Tom has over 20 years’ experience in the insurance industry having started his career at Guy Carpenter in 1991. Since then, he has worked as both a broker and senior underwriter with a number of key players within the property and casualty sector in both London and Bermuda. Tom joined Goldman Sachs in 2005 to start Goldman Sachs’ proprietary non-life insurance desk. As a Managing Director of Goldman Sachs, Tom served as Chief Underwriting Officer of Arrow Capital Re in Bermuda, before starting Lloyds' Syndicate 1910 in 2008 and serving as Active Underwriter until 2012. In 2012, Tom led Goldman Sachs’ purchase of Ariel Re and served as Co-CEO from April 2012. During 2013, Tom played a leading role in the spin out of GS Reinsurance Group into Global Atlantic Financial Group (“GAFG”), before managing the sale of the Ariel businesses in 2014.
Martin Thomas, Lancashire’s Chairman, said;
“It is a great pleasure to be able to welcome Tom to our Board. I am confident that his industry knowledge and leadership experience will help us maintain a Board with the appropriate range and depth of knowledge and skill.”
This announcement has been made in accordance with the Company’s obligations with Listing Rule 9.6.11 of the Listing Rules of the UK Listing Authority.
For further information, please contact:
Lancashire Holdings Limited
Christopher Head
+44 20 7264 4145
chris.head@lancashiregroup.com
Jonny Creagh-Coen
+44 20 7264 4066
Haggie Partners
+44 20 7562 4444
Peter Rigby
(Peter Rigby mobile +44 7803851426)