Lancashire Holdings appoints new division head

Lancashire Holdings said Wednesday it has appointed Darren Redhead as Head of Lancashire Capital Management division.

Redhead has previously worked as Chief Underwriting Officer of D.E. Shaw Re (Bermuda), a hedge fund-backed property catastrophe reinsurer.

He has also served as Syndicate Deputy Underwriter of Lloyd's syndicate Talbot Underwriting, where he was responsible for reinsurance writing, reinsurance purchasing, and structuring and raising syndicate capital.

Chief Executive Officer, Richard Brindle, said: "I am really pleased that Darren is joining us. He is a well known industry figure and will be most helpful in developing our plans for LCM".

Redhead added: "I am excited to be joining a company such as Lancashire which has a very strong and proven track record. I look forward to heading up LCM and building upon the firmly established foundations that Lancashire has created in the management of third party capital."

RD