There has been a shake-up at specialist insurance firm Lancashire Holdings Limited as it revealed succession plans for its active underwriter roles at syndicates 2010 and 3010 of Cathedral Underwriting Limited.
Taking the role of senior aviation underwriter at Syndicate 3010 with immediate effect will be John Spence; while Jon Barnes will move from Syndicate 2121 across to Cathedral in order to lead the underwriting of the property treaty reinsurance account for Syndicate 2010. He will be appointed as active underwriter for the syndicate beginning in early 2017, subject to Lloyd’s approval.
In relation to these appointments, Richard Williams is to step down from his position as active underwriter for both syndicates. He will instead work to implement succession plans during the course of the year ahead of Jon Barnes’ appointment in early 2017.
Speaking about the decision to make these new appointments, Alex Maloney, CEO of the Lancashire Group outlined that the company is well-placed to build on its success.
“I would like to thank Richard for having stepped into the role of active underwriter earlier in the year during a time of change within the Cathedral business,” he said. “Richard has been instrumental in helping us make a number of exciting appointments during 2016, and these have helped build the bench strength of the underwriting team at Cathedral.
“I would also like to congratulate John and Jon on their new roles and I look forward to working with them during the course of the coming year in taking the Cathedral business forward. We believe that the appointment of a designated Active Underwriter for each of the Cathedral Syndicates will further enhance arrangements for strategic planning and the management of our Lloyd’s operations.”
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