Lancashire Holdings Limited has made several senior underwriting appointments – all internal promotions – to help support its continued growth, including a new syndicate CEO.
On the syndicate side of things, John Spence, who was previously active underwriter of Syndicate 3010, has been named chief executive officer of Lancashire Syndicates Limited, subject to regulatory approval. Meanwhile, Jon Barnes – current active underwriter of Syndicate 2010 – will take on a new role as CUO of Lancashire syndicates Limited.
Lancashire has also welcomed Matthew Narbett and Matthew Thomas as new active underwriters of Syndicate 2010 and 3010, respectively. Both were previously deputy active underwriters for the respective syndicates, a release noted.
The company has also expanded the role of James Flude, current chief underwriting officer at Lancashire Insurance Company (UK) Limited, who takes on additional responsibilities as group CUO for Lancashire’s reinsurance business. He will report in both capacities to Lancashire Insurance CUO Paul Gregory.
Nick Thompson, current group head of non-marine reinsurance strategy, has also been tapped by Lancashire to succeed James Irvine as CUO, Lancashire Insurance Company Limited next year – subject to regulatory and immigration approvals.
“The appointments we are announcing are all promotions from within our existing underwriting teams,” said Lancashire group chief executive officer Alex Maloney. “This is testament to the strength of talent, knowledge and experience that we have at Lancashire, in underwriting and across the wider business.”
Maloney added that Lancashire’s long-term investment in developing its own people means the company is “able to reward and promote colleagues when suitable opportunities arise.”
Read more: Lancashire posts Q1 2022 trading statement
For the first quarter of 2021, Lancashire Holdings Limited posted a 34.7% year-on-year increase for its GWP to $477.9 million (approx. £380.51 million). Each of Lancashire’s reinsurance and insurance businesses – with the exception of its aviation division – all saw year-over-year GWP growth for the quarter.
