Hayley Johnston has been named as the new chief executive officer of Lancashire Insurance Company Limited. She will assume the role next spring.

She succeeds Elaine Whelan, who announced her retirement plans earlier this year, and will step down as CEO at the end of February.

Lancashire Insurance Company Limited is the principal Bermudian-regulated insurance and reinsurance carrier for the Lancashire Group.

Ms Johnston’s previous role as chief underwriting officer at Lancashire Insurance Company (UK) Limited, the Group’s UK regulated insurer, will be filled by James Flude.

Both appointments are subject to all relevant regulatory and governance approvals.

Ms Johnston has many years’ experience in the London and international insurance and reinsurance markets and joined Lancashire in 2007, initially as a marine and aviation underwriter and outwards reinsurance manager.

Mr Flude joined Lancashire in 2014 as head of marine and energy underwriting and assumed additionally the role of LUK deputy chief underwriting officer in 2017.

Alex Maloney, Lancashire Group CEO, said: “I am delighted to see Hayley and James succeed to these senior roles within our group. Both are longstanding colleagues and valued members of our management team, and each one will bring fresh perspectives and strategic vision to their new roles. I would also like to thank Elaine, as our Bermuda CEO, for her dedication and contribution to our success over many years.

“As we announced earlier in the year, Elaine will also step down from her group chief financial officer role in early 2020 and we expect to be able to report on our succession plans for that role before the end of this year.”