Lancashire Holdings Limited has announced that Hayley Johnston will become the Chief Executive Officer (CEO) of Lancashire Insurance Company Limited (LICL), the Group’s Bermuda-based insurance and reinsurance carrier.
Johnston previously held the role of Chief Underwriting Officer (CUO) at the Group’s UK regulated insurer, Lancashire Insurance Company (UK) Limited (LUK), a position that will be assumed by James Flude.
She brings many years’ experience in both the London and international re/insurance markets, having joined the firm in 2007 as a marine and aviation underwriter and outwards reinsurance manager. She was appointed LUK CUO in 2014.
Flude joined Lancashire in 2014 as head of marine and energy underwriting and took on the additional role of LUK Deputy CUO in 2017.
Johnston will replace Elaine Whelan as CUO of LICL, who will step down from her role at the end of February, 2020.
Alex Maloney, Lancashire Group Chief Executive Officer (CEO), said: “I am delighted to see Hayley and James succeed to these senior roles within our Group. Both are longstanding colleagues and valued members of our management team, and each one will bring fresh perspectives and strategic vision to their new roles. I would also like to thank Elaine, as our Bermuda CEO, for her dedication and contribution to our success over many years.
“As we announced earlier in the year, Elaine will also step down from her Group Chief Financial Officer role in early 2020 and we expect to be able to report on our succession plans for that role before the end of this year.”
