LRE Lancashire Holdings Limited

 
TIDMLRE 
 
LANCASHIRE HOLDINGS LIMITED 
 
9th November 2023 
 
Hamilton, Bermuda 
 
Lancashire Holdings Limited ("Lancashire"/"LHL") - Non-Executive Director 
Appointment and Lancashire Board Chair Succession Planning 
 
Lancashire announces the appointment of Philip Broadley as a Non-Executive 
Director of LHL with effect from 8 November 2023.  Mr Broadley has also been 
appointed as the LHL Chair designate, and Lancashire expects his appointment as 
Chair to take effect immediately following Lancashire's 2024 AGM to be held on 1 
May 2024 ("the 2024 AGM"), subject to shareholder approval. 
 
Peter Clarke, who has served as Chair of Lancashire since 2016, has recently 
completed nine years' service as a Director on the Lancashire Board. In 
accordance with recommended governance practice, Peter Clarke will therefore 
step down from his roles as Chair and Non-Executive Director following the 2024 
AGM. 
 
Mr. Broadley is Senior Independent Director and Audit Committee Chair at 
AstraZeneca PLC and a Non-Executive Director of Legal & General Group Plc and is 
expected to continue in those roles.  Mr. Broadley began his career at Arthur 
Andersen in 1983, becoming a partner in 1993, where he specialised in auditing 
banks and insurance companies. Mr. Broadley was Group Finance Director at both 
Prudential plc from 2000 and at Old Mutual plc from 2008 until 2014. He has 
served as Chair of the 100 Group of Finance Directors and as a member of the 
Code Committee of The Takeover Panel.  He chaired the Group Audit Committee of 
Legal & General for six years. He is Treasurer of the London Library and Chair 
of the Board of Governors at Eastbourne College. 
 
The search for a Chair successor was led by Robert Lusardi, Lancashire's Senior 
Independent Director.  The appointment process was conducted through 
Lancashire's Nomination Corporate Governance and Sustainability Committee and 
approved by the LHL Board. 
 
Peter Clarke said: 
 
"I am delighted to welcome Philip to the Lancashire Group. Philip will bring a 
wealth of strategic and leadership skills to our Board.  He joins Lancashire at 
an exciting time, with great opportunities for profitable growth ahead.  I look 
forward to working closely with Philip and Alex in planning the transition in 
the Chair role over the coming months." 
 
 
Alex Maloney, Lancashire Group Chief Executive Officer, said: 
 
"We are delighted to announce Philip's appointment as a Non-Executive Director, 
and to welcome him to the Lancashire Group. Philip's extensive financial 
services and insurance experience will add great value to our Board, and I look 
forward to working with him in his role as Chair in due course." 
 
Philip Broadley said: 
 
"Lancashire is in a period of robust growth in a strong market environment.  I 
join a business which is in very good hands.  I am extremely pleased to accept 
my appointment to the Board.  I look forward to working with Alex and all my 
colleagues at Lancashire and to leading the LHL Board as Chair following the 
2024 AGM." 
 
Lancashire has been notified that there are no further details required to be 
disclosed with respect to the above, pursuant to paragraph 9.6.13R of the 
Listing Rules. 
 
For further information, please contact: 
 
Lancashire Holdings Limited  +44 20 7264 4145 
Christopher Head             chris.head@lancashiregroup.com 
Jelena Bjelanovic            +44 20 7264 4066 
                             jelena.bjelanovic@lancashiregroup.com 
 
About Lancashire 
 
Lancashire, through its UK and Bermuda-based operating subsidiaries, is a 
provider of global specialty insurance and reinsurance products. 
 
Lancashire's common shares trade on the premium segment of the Main Market of 
the London Stock Exchange under the ticker symbol LRE. Lancashire has its head 
office and registered office at Power House, 7 Par-la-Ville Road, Hamilton HM 
11, Bermuda. 
 
The Bermuda Monetary Authority is the Group Supervisor of the Lancashire Group. 
 
For more information, please visit Lancashire's website at 
www.lancashiregroup.com . 
 
This release contains information which may be of a price sensitive nature that 
Lancashire is making public in a manner consistent with the UK Market Abuse 
Regulation and other regulatory obligations. The information was submitted for 
publication, through the agency of the contact persons set out above, at 07:05 
GMT on 9 November 2023. 
 
NOTE REGARDING FORWARD-LOOKING STATEMENTS: 
 
ALL FORWARD-LOOKING STATEMENTS IN THIS ANNOUNCEMENT OR OTHERWISE SPEAK ONLY AS 
AT THE DATE OF PUBLICATION. LANCASHIRE EXPRESSLY DISCLAIMS ANY OBLIGATION OR 
UNDERTAKING (SAVE AS REQUIRED TO COMPLY WITH ANY LEGAL OR REGULATORY OBLIGATIONS 
INCLUDING THE RULES OF THE LONDON STOCK EXCHANGE) TO DISSEMINATE ANY UPDATES OR 
REVISIONS TO ANY FORWARD-LOOKING STATEMENT TO REFLECT ANY CHANGES IN THE GROUP'S 
EXPECTATIONS OR CIRCUMSTANCES ON WHICH ANY SUCH STATEMENT IS BASED. ALL 
SUBSEQUENT WRITTEN AND ORAL FORWARD-LOOKING STATEMENTS ATTRIBUTABLE TO THE GROUP 
OR INDIVIDUALS ACTING ON BEHALF OF THE GROUP ARE EXPRESSLY QUALIFIED IN THEIR 
ENTIRETY BY THIS NOTE.[ ] 
 
 
This information was brought to you by Cision http://news.cision.com 
https://news.cision.com/lancashire-holdings-ltd/r/non-executive-director-appointment-and-lancashire-board-chair-succession-planning,c3872110 
 
 
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