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.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
TransRe plans Luxembourg subsidiary in European expansion
QBE gets green light for post-Brexit plans
CCR Group reshuffles senior management
Nexus snaps up aerospace MGA from Castel
AIR launches new severe thunderstorm model for Europe
John Neal takes on ‘toughest job in industry’ as CEO of Lloyd’s
Insurtech will mean job losses and less demand for reinsurance
Guy Carp unveils insurtech unit
Many carriers to be cashflow negative by 2019: Catlin
