Property and casualty insurer Lancashire Holdings has bolstered its board of directors with the hiring of a recognised name in the financial services industry.
The company has announced that Robert Lusardi will be joining the board as a non-executive director starting today, July 8.
Lusardi has been appointed as a member of the board’s audit, remuneration and investment committees, according to Lancashire chairman Peter Clarke.
“Robert further strengthens the Lancashire Board with his in-depth experience of the insurance markets and his first hand leadership skills and experience,” Clarke said.
Lusardi has spent his career as a senior executive in the financial services industry, starting at the Lehman Brothers where he served as managing director of the insurance and asset management practices.
Lusardi was also a member of the XL Group’s management board and served as CFO and operating division CEO. He held top executive posts at several firms such as White Mountains Insurance, PremieRe Holdings, Symetra Financial and OneBeacon Insurance.
Apart from Lusardi’s appointment, Lancashire has also announced that Emma Duncan is stepping down from the board of directors after completing her six years of service.
Clarke said Duncan has provided “insightful contributions” as a board member and helped in shaping Lancashire as “a business which has achieved sector leading results.”
“We have benefitted from Emma’s deep knowledge of economic affairs and her frequent seminars with our employees in both London and Bermuda to discuss current global issues,” the chairman said.
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