Lancashire Insurance Promotes Fascione

November 1, 2011

Lancashire Holdings has promoted Simon Fascione to be chief underwriting officer of the company’s Bermuda operation, Lancashire Insurance Company [LICL].

Mr. Fascione has played an instrumental role in the development of LICL’s reinsurance business, and more recently in the launch of Accordion Reinsurance, Lancashire group’s fully collateralised sidecar quota-share reinsurance arrangement.

He joined Lancashire in October 2006 and is a key member of the senior underwriting team, with responsibilities across the whole arena of the property account, with an emphasis on catastrophe exposures within LICL’s reinsurance business. He has also been appointed to the board of LICL, effective 28 October, 2011.

Lancashire group chief underwriting officer, Alex Maloney said: “Simon has worked tirelessly in the building of our reinsurance business since joining the company five years ago. His excellent analytical underwriting skills and his contribution to the formation of Accordion are recognised in this appointment”

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