Lancashire Holdings Ltd.
LRE:LN
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Overview
Company Profile
Lancashire Holdings is a global insurance and reinsurance provider for the property, energy, marine and aviation sectors, with offices in London, Dubai and Bermuda. It has five wholly-owned subsidiaries.
Classification
Financials
News & Media
Corporate
Board of Directors
Alex Maloney
Chief Executive
Chief Executive Officer and Chairman of the Group Underwriting and Underwriting Risk Committee Alex Maloney joined Lancashire in December 2005 and was appointed Group Chief Executive Officer in May 2014. On joining, Alex was responsible for establishing and building the energy underwriting team and account and, in May 2009, was appointed Group Chief Underwriting Officer. Since November 2010 Alex has served as a member of the Board and was appointed Chief Executive Officer of Lancashire Insurance Company (UK) Limited in 2012. Alex also serves as a director of Cathedral Underwriting Limited and has been closely involved in the development of the Group Lloyd’s strategy. Alex has over 20 years underwriting experience and has also worked in the New York and Bermuda markets.
Elaine Whelan
Chief Financial Officer
Elaine Whelan joined Lancashire in March 2006 and leads both the group finance function and the Bermuda subsidiary, reporting to the Group Chief Executive Officer. Elaine was previously Chief Accounting Officer of Zurich Insurance Company, Bermuda Branch. Prior to joining Zurich, Elaine was an Audit Manager at PricewaterhouseCoopers, Bermuda where she managed a portfolio of predominately (re)insurance and captive insurance clients.
Martin Thomas
Non-Executive Chairman
Martin Thomas is a partner and board member of Altima Partners, LLP, the hedge fund manager, and a Director of two farming businesses el Tejar Limited and Spearhead International Limited. Prior to this, he was an official of the Bank of England, most recently on secondment to the EU Commission where he worked in the Financial Services Policy and Financial Markets Directorate of the Internal Market and Services Directorate General. Before Martin joined the Commission, he established the Financial Markets Law Committee at the Bank of England. Prior to that, he was Deputy Chief Executive of the Financial Law Panel and prior to that, senior counsel to the European Central Bank in Frankfurt. He started his career in private practice, specialising in corporate and commercial litigation at Travers Smith and in the law and regulation of financial services at Clifford Chance.
Emma Duncan
Non-Executive Director
Emma Duncan is the Deputy Editor of The Economist. She has also held several other posts on the paper, including Britain Editor and Asia Editor. She has covered the media business, the Middle East, home affairs, agriculture, commodities and the transport industry and has served as Delhi correspondent, covering India, Pakistan, Bangladesh and Sri Lanka. She has written special reports for the paper on Saudia Arabia and the Gulf states, India, Pakistan and the food industry. Emma appears regularly on television and radio programmes. She has written widely on a freelance basis, for publications such as the Times, the Sunday Times, the Daily Telegraph, Vogue and Cosmopolitan. She has an honours degree in politics, philosophy and economics from Oxford University and started her career as a researcher and reporter at Independent Television News.
Simon Fraser
Non-Executive Director and Senior Independent Director
Simon Fraser was Head of Corporate Broking at Merrill Lynch and subsequently Bank of America Merrill Lynch until his retirement in 2011. He began his career in the city in 1986 with BZW and joined Merrill Lynch in 1997. He led Initial Public Offerings, Rights Issues, Placings, Demergers and Mergers and Acquisitions transactions during his career and advised many UK companies on stock market and London Stock Exchange issues. Simon has an MA degree in modern history from St Andrews University. He is also a Non-Executive Director of Legal and General Investment Management Holdings and Derwent London plc where he chairs the Remuneration Committee and sits on the Audit and Nominations Committees.
Samantha Hoe-Richardson
Non-Executive Director
Samantha Hoe-Richardson, who since 2014 has been Chairman of the Audit Committee, is Head of Environment and Sustainability for Network Rail. Prior to this, she was Head of Environment for Anglo American plc, one of the world\'s leading mining and natural resources companies. She was also a director of Anglo American Zimele Green Fund (Pty) Ltd, which supports entrepreneurs in South Africa. Prior to her role with Anglo American, Samantha worked in investment banking and audit and she holds a masters degree in nuclear and electrical engineering from the University of Cambridge. She also has a chartered accountancy qualification.
Tom Milligan
Non-Executive Director
Tom Milligan was Co-Chief Executive Officer of Ariel Re Holdings Ltd., until his retirement in 2015. He began his career in the City in 1991 with Guy Carpenter & Co. and worked in both London and Bermuda as an insurance intermediary and underwriter. In 2005, Tom joined Goldman Sachs Group Inc. to start and manage the GS Reinsurance Group\'s non-life activities. As a Managing Director of Goldman Sachs, Tom served as Chief Underwriting Officer of Arrow Capital Re in Bermuda, before starting GS-owned Lloyd\'s Syndicate 1910 in 2008 and serving as Active Underwriter until 2012. In 2012, Tom led GS\' purchase of Ariel Re and served as Co-CEO from April 2012 until July 2014. During 2013, Tom played a leading role in the spin-off of GS Reinsurance Group into Global Atlantic Financial Group (GAFG), before managing the sale of the Ariel businesses from GAFG to BTG Pactual in 2014. Tom graduated from Durham University in 1991.
Peter Clark
non executive chairman
Non-Executive Director Peter Clarke was Group Chief Executive of Man Group plc between April 2007 and February 2013. In 1993 Peter joined Man Group plc, a leading global provider of alternative investment products and solutions as well as one of the world\'s largest futures brokers. He was appointed to the board in 1997 and served in a variety of roles, including Head of Corporate Finance and Corporate Affairs and Group Company Secretary before becoming the Group Finance Director in 2000. During this period he was responsible for investing in and developing one of the leading providers of third party capital insurance and reinsurance products. In November 2005 he was given the additional title of Group Deputy CEO. Peter is currently the Chairman of the National Teaching Awards Trust and a Non-Executive Director of both AXA Investment Management SA and Lombard Odier Investment Management. Peter took a first in Law at Queens’ College, Cambridge and is a qualified solicitor, having practised at Slaughter and May, and has experience in the investment banking industry, working at Morgan Grenfell and Citibank.