Business
Director Changes at Lancashire Holdings Limited
Director Changes at Lancashire Holdings Limited.
About this update from Lancashire Holdings Limited
[{"type":"text","content":"\n \nLANCASHIRE HOLDINGS LIMITED\n\n7 July 2016\n\nLondon, UK\n\n Director Changes at Lancashire Holdings Limited\n\nLancashire Holdings Limited (\"Lancashire\" or the \"Company\") today announces the appointment of Robert Lusardi as a Non-Executive Director to take effect on 8 July 2016. Lancashire also announces that Emma Duncan has decided to step down as a Non-Executive Director on the Lancashire Board at the same time, following the completion of almost six years’ service on the Board.\n\nRobert Lusardi has spent his career as a senior executive in the financial services industry. Having started his career with Lehman Brothers, ultimately as Managing Director in charge of the insurance and asset management practices, between 1998 and 2005 Robert was a member of the Executive Management Board of XL Group plc (“XLâ€), serving variously as Group CFO and as CEO of one of XL’s three operating divisions. From 2005 until 2010 he was an executive vice president of White Mountains and CEO of certain subsidiaries. Between 2010 and 2015 Robert served as CEO of PremieRe Holdings LLC, a private insurance entity. He is a director of Symetra Financial Corporation, which was listed on the New York Stock Exchange until February 2016. He has been a director of a number of insurance related entities including the prior New York Stock Exchange listed Primus Guaranty Ltd and currently listed OneBeacon Insurance Group Ltd. Robert has also been Chairman of Pentelia Ltd. (a third party capital insurance investment manager) and Pareto Partners Ltd. (a currency overlay investment manager) and is on the board of Oxford University’s US charitable 501(c)3 entity.\n\nPeter Clarke, Lancashire’s Chairman, said:\n\n“We are delighted to welcome Robert to Lancashire as a Non-Executive Director. Robert further strengthens the Lancashire Board with his in-depth experience of the insurance markets and his first hand leadership skills and experience. The Board has appointed Robert as a member of our Audit, Remuneration and Investment Committees.\n\nI would also like to thank Emma for her loyal service and insightful contributions as a member of our Board over many years and in helping to direct and shape Lancashire as a business which has achieved sector leading results. We have benefitted from Emma’s deep knowledge...