Lancashire makes senior appointments to Cathedral Lloyd’s subsidiaries

Lancashire Holdings has made a number of appointments to the management team within its Cathedral Lloyd’s subsidiaries.

With effect from 1 April 2016, Alex Maloney, the Lancashire Group chief executive officer, has been appointed as the chief executive of Cathedral Capital, the holding company of the Cathedral Group and a subsidiary of Lancashire.

Richard Williams, a long-standing member of the Cathedral senior management team, will be appointed as the active underwriter and as a director of Cathedral Underwriting Limited (CUL), the Lloyd’s managing agency within the Cathedral Group. He takes over the role from John Hamblin who will leave Cathedral. Williams will also be appointed to Lancashire’s underwriting and underwriting risk committee.

Simon Fraser, the senior independent director on the Lancashire board, will also be appointed to the board of CUL.

Lawrence Holder will also step down from his role of managing director and as a director of CUL in 2017.

Lancashire acquired Cathedral Capital in November 2013, and since then Cathedral has been integral to the operation and successful delivery of the Lancashire Group’s strategic objectives - together with Lancashire’s UK and Bermuda operating platforms and Lancashire’s Kinesis third-party reinsurance capital business.

Maloney said: “I am excited at the prospect of working even more closely with my colleagues at Cathedral. Richard has been with the Cathedral business for over 15 years and I am delighted to be able to work with him in his new underwriting management role and to thank John for his performance in that role over many years.”

He added: “I would like to thank Lawrence for his contribution to the success of Cathedral and I know he will continue to give sound counsel as we develop the business during the coming year. Simon will make a valuable contribution to the development of our Lloyd’s strategy and I welcome him to the CUL board.”