Appt. of Chief Risk Officer

Lancashire Holdings Limited
22 August 2007



Lancashire Holdings Limited

22 August 2007

                       Appointment of Chief Risk Officer

Lancashire Holdings Limited (the 'Company') announces the appointment of Neil
McConachie as Chief Risk Officer of the Group. The appointment is subject to
Bermuda immigration approval. In addition to his new appointment Neil McConachie
continues as Chief Financial Officer of the Company.

Chief Executive Officer, Richard Brindle, said:

'Good governance, risk management and internal controls are essential to
corporate success and longevity and are particularly important for insurance
companies. Neil's appointment as Chief Risk Officer signals our belief in good
risk management over insurance, operational and other risks throughout our
business and its importance in our management culture. Our aim is further to
embed a consistent and focussed approach to risk within the Group.'


For further information, please contact:

Lancashire Holdings
Neil McConachie                      [phone]
Greg Lunn                            [phone]

Financial Dynamics                   [phone]
Robert Bailhache


www.lancashiregroup.com

About Lancashire

Lancashire, through its UK and Bermuda-based insurance subsidiaries, is a global
provider of specialty insurance  products.  Its insurance subsidiaries carry the
Lancashire group rating of A minus (Excellent) from A.M. Best with a  stable
outlook.  Lancashire has capital in excess of US$1 billion and its common shares
trade on AIM under the ticker  symbol LRE.  Lancashire is headquartered at
Mintflower Place, 8 Par-La-Ville Road, Hamilton HM 08, Bermuda.  The  mailing
address is Lancashire Holdings Limited, P.O. Box HM 2358, Hamilton HM HX,
Bermuda.  For more information on  Lancashire, visit the Company's website at
www.lancashiregroup.com.



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