Director Appointment
Lancashire Holdings Limited
18 September 2006
Hamilton, Bermuda, 18 September 2006
LANCASHIRE HOLDINGS LIMITED
ANNOUNCES APPOINTMENT OF DIRECTOR
Lancashire Holdings Limited (the 'Company') today announced the appointment of
Martin Nicholas Caleb Thomas as a non-executive Director of the Company as of
its close of business on Friday 15th September.
Martin Thomas, age 43, is a solicitor and was most recently an official of the
Bank of England on secondment to the EU Commission. At the Commission, he worked
in the Financial Services Policy and Financial Markets Directorate of the EU
Commission's Internal Market and Services Directorate General.
Before Martin joined the Commission, he established the Financial Markets Law
Committee at the Bank of England. Prior to that he was Deputy Chief Executive of
the Financial Law Panel and Senior Counsel to the European Central Bank in
Frankfurt. He started his career in private practice, specialising in corporate
and commercial litigation at Travers Smith, and the law and regulation of
financial services at Clifford Chance.
Martin is currently a director of Downside Up Limited and Crossflow Limited. In
the previous 5 years he has been a director of The Balance Charitable Foundation
for Unclaimed Assets, Brinthom Limited and Portobello Games Limited.
Commenting on Martin Thomas' appointment, Robert Spass, Chairman of the Company,
said: 'I am delighted to welcome Martin to Lancashire's Board. His considerable
experience gained in the financial services sector will be of significant value
to the Lancashire group in its future development, particularly in light of the
establishment of our new FSA authorised insurance platform'.
For further information, please contact:
Lancashire Holdings +1 441 278 8950
Neil McConachie
Greg Lunn
Financial Dynamics +44 20 7269 7200
Robert Bailhache
www.lancashire.bm
About Lancashire
Lancashire was established in 2005 as a new insurance and reinsurance business
to take advantage of the favourable underwriting conditions expected to arise
from the large insured losses incurred in 2004 and 2005. The Company has an
A.M. Best rating of A- (Excellent) with a stable outlook.
Lancashire was admitted to AIM on 16 December 2005 following an Offer of Common
Shares to investors. The Common Shares trade on AIM under the ticker symbol
LRE.
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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