Lancashire replaces Bermuda CUO, group chief actuary

Specialty re/insurance provider Lancashire Holdings (LHL) has appointed James Irvine as the new chief underwriting officer (CUO) for Lancashire Insurance Company in Bermuda.

The company has also added Ben Readdy as the new group chief actuary with effect from 1 January 2019.

Both Irvine and Readdy replace Sylvain Perrier, who has held the positions of CUO for LICL and group chief actuary since March 2013 and March 2006, respectively.

Perrier has been with the group since its inception and was instrumental in building the group’s actuarial function. Perrier will continue to work as the group chief actuary until 1 January 2019, and then will continue working for the group in a strategic consultancy role from that date.

Irvine joined Lancashire in April 2010 and is currently LICL’s deputy CUO in Bermuda with responsibility for LICL’s property reinsurance portfolio. In his new role, he will report to LHL’s chief underwriting officer, Paul Gregory.

Readdy joined Lancashire in June 2010 and is currently deputy group chief actuary.

Gregory commented: “I would like to congratulate James and Ben on their well-deserved promotions. James has played a key role in the development of LICL’s business and underwriting strategy and will continue to uphold our very high standards of underwriting discipline, client service and risk management.

"Ben has played an important part in the development and management of the group’s actuarial functions and I know will continue to bring insight and rigour to his new role.

"Finally, I would also like to thank Sylvain for all his hard work and support in the roles to date, and I look forward to continuing to work with him as a consultant to the group going forward.”

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