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Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

648.00GBp
2 Dec 2016
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Summary

Name Age Since Current Position

Peter Clarke

56 2016 Non-Executive Independent Chairman of the Board

Alexander Maloney

43 2014 Chief Executive Officer, Executive Director

Elaine Whelan

42 2013 Group Chief Financial Officer, Executive Director

Paul Gregory

2014 Chief Underwriting Officer

Christopher Head

49 2012 Company Secretary

Michael Dawson

54 2016 Non-Executive Director

Robert Lusardi

59 2016 Non-Executive Director

Simon Fraser

52 2014 Senior Independent Non-Executive Director

Samantha Hoe-Richardson

45 2013 Non-Executive Independent Director

Thomas Milligan

46 2015 Non-Executive Independent Director

Biographies

Name Description

Peter Clarke

Mr. Peter L. Clarke is a Non-Executive Independent Chairman of the Board of Lancashire Holdings Limited. Mr. Clarke was Group Chief Executive of Man Group plc between April 2007 and February 2013. In 1993 Mr Clarke 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. Mr Clarke is currently the Chairman of the National Teaching Awards Trust and a Non-Executive Director of both AXA Investment Managers S.A. and Lombard Odier Asset Management. He is a member of the Treasury Committee of King’s College London. Mr Clarke 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.

Alexander Maloney

Mr. Alexander Terence Maloney is a Chief Executive Officer, Executive Director of Lancashire Holdings Limited. Mr. Maloney joined Lancashire in December 2005 and was appointed Group Chief Executive Officer in April 2014. On joining, Mr Maloney 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 Mr Maloney has served as a member of the Board and was appointed Chief Executive Officer of Lancashire Insurance Company (UK) Limited in 2012. Mr Maloney also serves as a Director of Cathedral Underwriting Limited and has been closely involved in the development of the Group's Lloyd’s strategy. Mr Maloney has over 20 years' underwriting experience and has also worked in the New York and Bermuda markets.

Elaine Whelan

Ms. Elaine Whelan is a Group Chief Financial Officer, Executive Director of Lancashire Holdings Limited. Elaine Whelan joined Lancashire in March 2006 and leads both the Group finance function and the Bermuda insurance subsidiary, reporting to the Group Chief Executive Officer. Ms Whelan was previously Chief Accounting Officer of Zurich Insurance Company, Bermuda Branch. Prior to joining Zurich, Ms Whelan was an Audit Manager at PricewaterhouseCoopers, Bermuda, where she managed a portfolio of predominately (re)insurance and captive insurance clients.``

Paul Gregory

Mr. Paul Gregory is a Chief Underwriting Officer of Lancashire Holdings Limited. He joined Lancashire in May 2007 as a member of the underwriting team and was responsible for underwriting the Energy account and assisting in the development of Lancashire Middle East. In January 2009, Paul was appointed Chief Underwriting Officer for Lancashire Insurance Company (UK) Limited and is responsible for all lines of business written from the Lancashire London office. Paul graduated in Finance from the University of Birmingham and participated in the Marsh Graduate Scheme in 2001 as an Account Executive in the Energy Team which was followed by experience as an Underwriter in the Energy team at AIG in 2005. Paul has also worked closely with the Cathedral management team in the development of Syndicate 3010 and the Group's Lloyd's strategy.

Christopher Head

Mr. Christopher Head is a Company Secretary of Lancashire Holdings Limited. Mr. Head joined Lancashire in September 2010. Mr Head is Company Secretary of Lancashire Holdings Limited and advises on issues of corporate governance and generally on legal affairs for the Group. Prior to joining Lancashire, Mr Head was in-house Counsel with the Imagine Insurance Group, advising specifically on policy wording and the structuring of reinsurance transactions. He transferred to Max at Lloyd’s in 2008 as Lloyd’s and London Counsel. Between 1998 and 2006 Mr Head was Legal Counsel at KWELM Management Services Limited, where he managed an intensive programme of reinsurance arbitration and litigation for insolvent members of the HS Weavers underwriting pool. Mr Head is a qualified solicitor having trained at Barlow Lyde and Gilbert where he worked in the Reinsurance and International Risk Team. Mr Head has a history degree and legal qualification from Cambridge University, where he was a choral scholar in the choirs of King’s College and Trinity College.

Michael Dawson

Mr. Michael G. Dawson is the Non-Executive Director of the Company. He has more than 35 years experience in the insurance industry, having started his career at Lloyd's in 1979. He joined Cox Insurance in 1986 where he was the chief executive from 1995 to 2002. In 1991, Michael formed and became the underwriter of Cox's and subsequently Chaucer's specialist nuclear syndicate 1176. His responsibilities to Chaucer and syndicate 1176 remain unchanged. Between 2005 and 2008 Michael was appointed as chief executive of Goshawk Insurance Holdings PLC and its subsidiary Rosemont Re, a Bermuda reinsurer, following a period of extensive losses, in which role he helped implement the successful restructuring and run-off of those businesses. Michael served on the Council of Lloyd's from 1998-2001 and on the Lloyd's Market Board from 1998 to 2002.

Robert Lusardi

Mr. Robert R. Lusardi is a Non-Executive Director of Lancashire Holdings Limited. He 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 (“XL”), 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.

Simon Fraser

Mr. Simon W. D. Fraser is a Senior Independent Non-Executive Director of Lancashire Holdings Limited. Mr. Fraser became the Senior Independent Director on 30 April 2014. 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. Mr. Fraser has an MA degree in modern history from St Andrews University. He is also a Non-Executive Director of Derwent London plc where he chairs the Remuneration Committee and sits on the Audit and Nominations Committees. Simon Fraser was appointed Chair of the Remuneration Committee on 30 April 2014.

Samantha Hoe-Richardson

Ms. Samantha Hoe-Richardson is a Non-Executive Independent Director of Lancashire Holdings Limited., 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, Ms Hoe-Richardson 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.

Thomas Milligan

Mr. Thomas (Tom) Milligan is a Non-Executive Independent Director of Lancashire Holdings Limited. Mr. 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, Mr Milligan joined Goldman Sachs Group Inc. to start the GS Reinsurance Group’s non-life activities. As a Managing Director of Goldman Sachs, Mr Milligan served as Chief Underwriting Officer of Arrow Capital Re in Bermuda, before starting Goldman Sachs-owned Lloyd’s Syndicate 1910 in 2008 and serving as Active Underwriter until 2012. In 2012, Mr Milligan led Goldman Sachs’ purchase of Ariel Re and served as Co-CEO from April 2012 until July 2014. During 2013, Mr Milligan 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. He is also a NonExecutive Director of Managing Agency Partners Limited. Mr Milligan graduated from Durham University in 1991.

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