Former co-CEO of Ariel to join Lancashire

The former co-chief executive officer (CEO) of Ariel, a subsidiary of Global Atlantic Financial, has joined Lancashire as a non-executive director.

Tom Milligan recently retired from his position at Ariel following the completion of its sale to BTG Pactual.

Milligan had been with Global Atlantic for nine years, predating the company’s separation from Goldman Sachs in 2013. He joined Goldman Sachs in 2005 to start Goldman Sachs' proprietary non-life insurance desk.

As a managing director of Goldman Sachs, Milligan served as chief underwriting officer of Arrow Capital Re in Bermuda, before starting Lloyds' Syndicate 1910 in 2008 and serving as active underwriter until 2012.

In 2012, he led Goldman Sachs' purchase of Ariel Re and served as co-CEO from April 2012. During 2013, he played a leading role in the spin out of GS Reinsurance Group into Global Atlantic Financial Group before managing the sale of the Ariel businesses in 2014.

Martin Thomas, Lancashire's chairman, said: "It is a great pleasure to be able to welcome Tom to our board. I am confident that his industry knowledge and leadership experience will help us maintain a board with the appropriate range and depth of knowledge and skill."