Cathedral Capital CEO and CFO depart

Lancashire Holdings has announced the departure of the chief executive officer (CEO) and chief financial officer (CFO) of its subsidiary Cathedral Capital.

Peter Scales, CEO and John Lynch, CFO of Cathedral will leave the group on 31 March 2016.

Both Scales and Lynch have been with the company for 15 years since Cathedral was founded.

Alex Maloney, CEO of Lancashire Holdings said the pair’s departure is part of the continuing integration of Cathedral into the Lancashire group of businesses.

He said: “Their expertise and dedication has helped establish Cathedral as one of the most successful and well-known businesses at Lloyd’s with a respected franchise and an excellent portfolio of clients.

“They have both worked over the last two years towards the better integration of our group of companies.  We will continue to work together until their departures, and I would like to thank them both for the immense contribution which they have made to Cathedral over many years and to wish them well for the future.”

Tony South, chairman of Cathedral, added: “I have known and worked with Peter and John for more than fifteen years, during which time they have both played an essential part in the success of the Cathedral business.

“Personally, I shall miss them, as will the rest of the Cathedral Board, and we wish them every success in the future.”