Natalie Kershaw has been appointed group chief financial officer of Bermudian-based re/insurer Lancashire Holdings Ltd.

Ms Kershaw will take up the role, and join the Lancashire board of directors, effective March 1, 2020.

Her appointment follows Elaine Whelan’s decision to retire from her roles with the group.

Ms Kershaw has nearly 20 years’ experience of the re/insurance sector and is currently the group’s chief accounting officer. She has been with the group since December 2009 and has worked in both the London and Bermuda offices of the company, Lancashire said.

Prior to that she had roles with Swiss Re and PwC. She is a fellow of The Institute of Chartered Accountants in England and Wales.

Peter Clarke, Lancashire’s chairman, said: “My board colleagues and I are delighted to announce Natalie’s appointment as our new group CFO and her appointment to the board. She has a detailed knowledge of the group and its activities and is an excellent choice to lead the group’s finance function going forward. She will be working with Elaine to ensure a smooth transition into her new role.”

Alex Maloney, Lancashire’s group CEO, said: “Natalie has been an insightful and dedicated member of the group’s finance team for nearly ten years, and it is testament to the strength of our management team and her ability that we are announcing her appointment today. She is the right candidate for the role and I am sure she will add further insight and analysis to the board going forward.”