Bermuda-based insurance company Lancashire Holdings has revealed significant changes in the underwriting teams of its subsidiary Cathedral.
Underwriters Simon King, Mark Wilson and Nicholas Destro have tendered notice to resign, which have been accepted.
The resignations come after changes to Cathedral’s management were announced last week, when Alex Maloney was made chief executive of Cathedral Capital, and Richard Williams was named as Cathedral active underwriter and as a director of Cathedral Underwriting Limited (CUL).
Maloney said: "We thank Simon, Mark and Nick for their contribution to the success of Cathedral. They have now decided to move on and we will work with them during their notice periods over the coming year to ensure continuity in our client service."