Group Chief Executive Officer
Alex Maloney joined Lancashire in December 2005 and was appointed Group Chief Executive Officer in May 2014. On joining, Alex was responsible for establishing and building the energy underwriting team and account and, in May 2009, was appointed Group Chief Underwriting Officer. Since November 2010 Alex has served as a member of the Board and was appointed Chief Executive Officer of Lancashire Insurance Company (UK) Limited in 2012. Alex also serves as a director of Cathedral Underwriting Limited and has been closely involved in the development of the Group Lloyd’s strategy. Alex has over 20 years underwriting experience and has also worked in the New York and Bermuda markets.
Group Chief Financial Officer
Elaine Whelan joined Lancashire in March 2006 and leads both the group finance function and the Bermuda subsidiary, reporting to the Group Chief Executive Officer. Elaine was previously Chief Accounting Officer of Zurich Insurance Company, Bermuda Branch. Prior to joining Zurich, Elaine was an Audit Manager at PricewaterhouseCoopers, Bermuda where she managed a portfolio of predominantly (re)insurance and captive insurance clients. Elaine graduated from the University of Strathclyde in 1994 with a BA in Accounting and Economics and gained her Chartered Accountancy qualification from the Institute of Chartered Accountants of Scotland in 1997.
Peter Clarke was Group Chief Executive of Man Group plc between April 2007 and February 2013. In 1993 Peter joined Man Group plc, a leading global provider of alternative investment products and solutions as well as one of the world's largest futures brokers. He was appointed to the board in 1997 and served in a variety of roles, including Head of Corporate Finance and Corporate Affairs and Group Company Secretary before becoming the Group Finance Director in 2000. During this period he was responsible for investing in and developing one of the leading providers of third party capital insurance and reinsurance products. In November 2005 he was given the additional title of Group Deputy CEO. Peter is currently the Chairman of the National Teaching Awards Trust and Chairman of City Year and a Non-Executive Director of AXA Investment Managers SA, RWC Partners Limited and Lombard Odier Asset Management. He is a member of the Treasury Committee of King's College London. Peter took a first in Law at Queens’ College, Cambridge and is a qualified solicitor, having practised at Slaughter and May, and has experience in the investment banking industry, working at Morgan Grenfell and Citibank.
Non-Executive Director and Senior Independent Director
Simon Fraser was Head of Corporate Broking at Merrill Lynch and subsequently Bank of America Merrill Lynch until his retirement in 2011. He began his career in the city in 1986 with BZW and joined Merrill Lynch in 1997. He led Initial Public Offerings, Rights Issues, Placings, Demergers and Mergers and Acquisitions transactions during his career and advised many UK companies on stock market and London Stock Exchange issues. Simon has an MA degree in modern history from the University of St Andrews. He is also a Non-Executive Director of Legal and General Investment Management (Holdings) Limited and Senior Independent Director of Derwent London plc where he chairs the Remuneration Committee and sits on the Audit and Nominations Committees. Simon also serves as a Non-Executive Director of Cathedral Underwriting Limited.
Samantha Hoe-Richardson since 2014 has been Chairman of the Audit Committee. She is also a Non-Executive Director of Unum Ltd and Unum European Holding Company Ltd. Unum is one of the UK's leading employee benefits providers through the workplace. She also chairs their Audit Committees. Prior to this she was Head of Environment & Sustainability for Network Rail and formerly Head of Environment for Anglo American plc, one of the world’s leading mining and natural resources companies. She was also a director and founder of Anglo American Zimele Green Fund (Pty) Ltd, which supports entrepreneurs in South Africa. Prior to her role with Anglo American, Samantha worked in investment banking and audit and she holds a masters degree in nuclear and electrical engineering from the University of Cambridge. She also has a chartered accountancy qualification. Ms Hoe-Richardson is also a Non-Executive Director of Lancashire Insurance Company (UK) Limited.
Tom Milligan was Co-Chief Executive Officer of Ariel Re Holdings Ltd., until his retirement in 2015. He began his career in the City in 1991 with Guy Carpenter & Co. and worked in both London and Bermuda as an insurance intermediary and underwriter. In 2005, Tom joined Goldman Sachs Group Inc. to start the GS Reinsurance Group's non-life activities. As a Managing Director of Goldman Sachs, Tom served as Chief Underwriting Officer of Arrow Capital Re in Bermuda, before starting GS-owned Lloyd's Syndicate 1910 in 2008 and serving as Active Underwriter until 2012. In 2012, Tom led GS' purchase of Ariel Re and served as Co-CEO from April 2012 until July 2014. During 2013, Tom played a leading role in the spin-off of GS Reinsurance Group into Global Atlantic Financial Group (GAFG), before managing the sale of the Ariel businesses from GAFG to BTG Pactual in 2014. He is also a Non-Executive Director of Managing Agency Partners Limited. Tom graduated from Durham University in 1991.
Robert Lusardi is currently a private investor and has spent his career as a senior executive in the financial services industry. From 1980 until 1998 he was an investment banker with Lehman Brothers, ultimately as Managing Director in charge of the insurance and asset management practices. From 1998 until 2005 he was a member of the Executive Management Board of XL Group plc first as Group CFO then as CEO of one of their three operating/reporting segments; from 2005 until 2010 he was an EVP of White Mountains (an insurance merchant bank) and CEO of certain subsidiaries; and from 2010 to 2015 he was CEO of PremieRe Holdings LLC (a private insurance entity). He has been a director of a number of insurance related entities including Symetra Financial Corporation, Primus Guaranty Ltd., OneBeacon Insurance Group Ltd., Esurance Inc., Delos Inc. and FSA International Ltd. He is on the board of Oxford University’s 501(c)3 charitable organisation. He received his B.A. and M.A. degrees in Engineering and Economics from Oxford University and his M.B.A. from Harvard University.
Michael has more than 35 years' experience in the insurance industry, having started his career at Lloyd's in 1979. He joined Cox Insurance in 1986 where he was the Chief Executive from 1995 to 2002. In 1991, Michael formed and became the underwriter of Cox's and subsequently Chaucer's specialist nuclear syndicate 1176. Between 2005 and 2008 Michael was appointed Chief Executive of Goshawk Insurance Holdings PLC and its subsidiary Rosemont Re, a Bermuda reinsurer. Michael served on the Council of Lloyd's from 1998 to 2001 and on the Lloyd's Market Board from 1998 to 2002. He is a Non-Executive Director of Pool Re (Nuclear) Limited and Deputy Chairman of the management committee of Nuclear Risk Insurers Limited.