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LANCASHIRE HOLDINGS LIMITED – Changes to the Board
Hamilton, Bermuda – 28 November, 2014 – Lancashire Holdings Limited (“Lancashire” or “the Company”; Ticker: LHL BH) announces the retirement from the board of William Spiegel and Robert Spass with effect from 1 January, 2015. Both will have completed 9 years’ service from the date of their first election and will leave the board in keeping with good practice under the UK Corporate Governance Code as it relates to director independence and length of service.
Martin Thomas, Lancashire’s Chairman, said; “William and Bob have been valued members of our board since the Company’s formation in 2005. Their industry experience and keen strategic minds have played no small part in helping to establish Lancashire as a successful and respected leader within its field. Both have provided insightful leadership and service on the board and its committees. Lancashire has reached a point in its development where, in the interests of formal independence, the baton has been passed from the founding generation to a new board and management team. Having welcomed Peter Clarke to our board in June of this year, we expect to be able to announce a further NED appointment shortly. As we bid William and Bob farewell, I am confident that we will sustain a board with the appropriate range and depth of knowledge and skills to provide support, challenge and strategic insights for the business.”
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)
About Lancashire
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a global provider of specialty insurance and reinsurance products.
For further information, please contact: