REG-Lancashire Holdings Ltd: Non-Executive Director appointments and Board succession planning

Lancashire HoldingsAnnouncement

06/11/2024 07:15

LANCASHIRE HOLDINGS LIMITED

6 November 2024

Hamilton, Bermuda

Non-Executive Director appointments and Board succession planning

Lancashire Holdings Limited (the “Company”) is pleased to announce the
appointment of two new Non-Executive Directors.  Nathalie Rachou has joined
the Company’s Board with effect from 5 November 2024, and Bob Cox has
accepted an appointment to join the Board, to take effect on 1 January 2025.
The Company has also announced details of Board succession planning for its
2025 AGM.               

Details of these individuals are set out below.

Nathalie Rachou

Nathalie Rachou has strong asset management and capital markets experience,
with commercial and financial expertise across several sectors including as a
senior manager and entrepreneur.  She holds directorships on the boards of
UBS Group AG and Euronext NV. She has previously served on the boards of
Veolia Environnement, Laird Group plc, Altran SA, and Société Générale.

Nathalie Rachou worked at Banque Indosuez and Crédit Agricole Indosuez from
1978 until 1999, where she gained experience in a number of senior roles.  In
1999, Ms Rachou founded Topiary Finance Ltd, an asset management company based
in London, serving as CEO until its merger with Rouvier Associés in 2015. 
She served as a senior advisor at Rouvier Associés-Clartan until 2020. 

Bob Cox

Bob Cox is an experienced insurance underwriter and senior manager with
experience of the US and international insurance markets.  He joined Markel
in 2018 as President and Chief Operating Officer, Insurance Operations and
stepped down from that role in December 2023.  During his tenure, Mr Cox
oversaw Markel's global insurance operations, including its specialty and
international divisions.

Prior to joining Markel, Mr Cox served in a number of leadership positions
within Chubb Specialty Insurance, including roles as Chief Underwriting
Officer and later as the Chief Operating Officer. Earlier in his career at
Chubb he specialised as an underwriter in directors and officers and errors
and omissions lines.  He has extensive experience of insuring financial
institutions and in US and international casualty lines.

Other Board succession plans

Rob Lusardi and Michael Dawson have each served as Non-Executive Directors on
the Lancashire Board for over eight years. In accordance with recommended UK
governance practice, both Mr. Lusardi and Mr. Dawson have decided not to
submit themselves for re-election and to step down as Directors at the 2025
AGM, which is planned for the 30(th) April 2025.
 

Philip Broadley, Lancashire’s Chair, said:

“The Board is delighted to welcome both Nathalie and Bob as directors. These
are important appointments in our long term succession planning for the
business. 

Nathalie’s knowledge of asset management and the operation of international
capital markets will further enrich our Board’s skills.  In addition to her
expertise as a chief executive, entrepreneur and business founder, she has
extensive experience of governance as a director on several boards operating
on both the UK and other international listed markets. 

Bob brings invaluable US and international insurance market experience with
first-hand knowledge as a senior manager and underwriter.  In particular his
expertise will help the Board in the development of the Group’s casualty
reinsurance and insurance lines and in supporting the Group’s newly
established US platform, which commenced underwriting earlier in 2024.

Importantly, Alex Maloney and our leadership team will welcome the skills and
experience which Nathalie and Bob bring to our Board at this exciting time for
our business.

Rob Lusardi and Michael Dawson will continue to serve as Directors until our
2025 AGM. So, whilst we are not yet bidding them farewell, my thanks go to
them for facilitating our Board succession planning.”

Lancashire has been notified that there are no further details required to be
disclosed with respect to the appointments of Ms Rachou and Mr Cox pursuant
to paragraph 6.4.8R of the Listing Rules.

Lancashire also today announces that Linda Ventresca, Non-Executive Director,
has been appointed as a member of the Audit Committee and Investment
Committee.

For further information, please contact:

Lancashire Holdings Limited

 Christopher Head   +44 20 7264 4145 chris.head@lancashiregroup.com         
 Jelena Bjelanovic  +44 20 7264 4066 jelena.bjelanovic@lancashiregroup.com  

About Lancashire

Lancashire, through its operating subsidiaries, is a provider of global
specialty insurance and reinsurance products.

Lancashire’s common shares trade in the equity shares (commercial companies)
category of the Main Market of the London Stock Exchange under the ticker
symbol LRE. Lancashire has its head office and registered office at Power
House, 7 Par-la-Ville Road, Hamilton HM 11, Bermuda.

The Bermuda Monetary Authority (“BMA”) is the Group Supervisor of the
Lancashire Group.

For more information, please visit Lancashire’s website at
www.lancashiregroup.com.

This release contains information which may be of a price sensitive nature
that Lancashire is making public in a manner consistent with the UK Market
Abuse Regulation and other regulatory obligations. The information was
submitted for publication, through the agency of the contact persons set out
above, at 7:00am GMT on 6(th) November 2024.

NOTE REGARDING FORWARD-LOOKING STATEMENTS:

ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS
AT THE DATE OF PUBLICATION.  LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR
UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY
OBLIGATIONS INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE
ANY UPDATES OR REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY
CHANGES IN THE GROUP’S EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH
STATEMENT IS BASED.  ALL SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING
STATEMENTS ATTRIBUTABLE TO THE GROUP OR INDIVIDUALS ACTING ON BEHALF OF THE
GROUP ARE EXPRESSLY QUALIFIED IN THEIR ENTIRETY BY THIS NOTE.( )



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