Senior Management Promotions

Lancashire Holdings Limited
27 March 2007


                          Lancashire Holdings Limited


Hamilton, Bermuda, 27th March 2007


                   LANCASHIRE ANNOUNCES MANAGEMENT PROMOTIONS

Lancashire Holdings Limited ('Lancashire Holdings'), which writes a diversified
mix of specialty insurance lines both  catastrophe and non-catastrophe from twin
platforms in Bermuda and London, today announced three senior management 
promotions.

Simon Burton is appointed as Deputy Chief Executive Officer of Lancashire
Holdings and as Chief Executive Officer and  Chief Underwriting Officer of
Lancashire Insurance Company Limited, the Group's Bermuda underwriting platform.
 Elaine  Whelan is appointed Chief Financial Officer of Lancashire Insurance
Company Limited. The appointments are subject to  Bermuda Department of
Immigration approval.

Paula Porter continues as Chief Executive Officer of the Group's UK underwriting
platform, Lancashire Insurance Company  (UK) Limited, while Alex Maloney has
been appointed as its Chief Underwriting Officer.

Richard Brindle continues as Chief Executive Officer of Lancashire Holdings and
Chairman of the Group Underwriting  Committee and Neil McConachie continues as
Chief Financial Officer of Lancashire Holdings.

Richard Brindle, Chief Executive Officer, commented: 'Since joining Lancashire
in 2006, Simon Burton has demonstrated superior leadership and technical
underwriting  qualities for the Group.  Simon's new responsibilities are a
reflection of the Board's and my faith in his abilities.   Alex Maloney and
Elaine Whelan likewise have worked tirelessly for the Group since its inception.
Their new  responsibilities are recognition of the contribution each is making. 
I congratulate all of them on their promotions.'

'I am enjoying myself tremendously and I look forward to continuing with
Lancashire for the foreseeable future.'

Bob Spass, Chairman of Lancashire Holdings, added: 'These promotions are a
natural step in the evolution of the Lancashire Group.  They reflect the fact
that, while  headquartered in Bermuda, the addition of the underwriting platform
in London means the Group now writes its  diversified mix of insurance products
across two major locations. The quality of the senior management team, as 
reflected by these appointments, underpins the Board's confidence in the ability
of the Lancashire Group to consolidate  its position as an established player in
its specialty markets.'

For further information, please contact:

Lancashire Holdings                         [phone]
Neil McConachie

Financial Dynamics                          [phone]
Rob Bailhache
Nick Henderson


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 $1 billion dollars 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.lancashire.bm.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

CERTAIN STATEMENTS MADE IN THIS ANNOUNCEMENT THAT ARE NOT BASED ON CURRENT OR
HISTORICAL FACTS ARE FORWARD-LOOKING IN  NATURE INCLUDING, WITHOUT LIMITATION,
STATEMENTS CONTAINING WORDS 'BELIEVES', 'ANTICIPATES', 'PLANS', 'PROJECTS', 
'INTENDS', 'EXPECTS', 'ESTIMATES', 'PREDICTS', 'MAY','WILL', 'SEEKS', 'SHOULD'
OR, IN EACH CASE, THEIR NEGATIVE OR  COMPARABLE TERMINOLOGY.  ALL STATEMENTS
OTHER THAN STATEMENTS OF HISTORICAL FACTS INCLUDING, WITHOUT LIMITATION, THOSE 
REGARDING THE GROUP'S FINANCIAL POSITION, RESULTS OF OPERATIONS, LIQUIDITY,
PROSPECTS, GROWTH, BUSINESS STRATEGY, PLANS  AND OBJECTIVES OF MANAGEMENT FOR
FUTURE OPERATIONS (INCLUDING DEVELOPMENT PLANS AND OBJECTIVES RELATING TO THE
GROUP'S  INSURANCE BUSINESS) ARE FORWARD-LOOKING STATEMENTS.  SUCH FORWARD-
LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS,  UNCERTAINTIES AND OTHER
IMPORTANT FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE GROUP  TO BE MATERIALLY DIFFERENT FROM FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH  FORWARD-LOOKING
STATEMENTS.  THESE FORWARD-LOOKING STATEMENTS SPEAK ONLY AS AT THE DATE OF THIS
ANNOUNCEMENT OR OTHER  INFORMATION CONCERNED. LANCASHIRE HOLDINGS LIMITED
EXPRESSLY DISCLAIMS ANY OBLIGATION OR UNDERTAKING (SAVE AS REQUIRED  TO COMPLY
WITH ANY LEGAL OR REGULATORY OBLIGATIONS (INCLUDING THE AIM RULES)) TO
DISSEMINATE ANY UPDATES OR REVISIONS  TO ANY FORWARD-LOOKING STATEMENTS
CONTAINED HEREIN TO REFLECT ANY CHANGES IN THE GROUP'S EXPECTATIONS WITH REGARD 
THERETO OR ANY CHANGE IN EVENTS, CONDITIONS OR CIRCUMSTANCES ON WHICH ANY SUCH
STATEMENT IS BASED.





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