Bermudian-based global specialty re/insurer Lancashire Holdings Limited has appointed industry veteran Bryan Joseph as a non-executive director.

He will also be a member of both the audit and underwriting and underwriting risk committees.

Mr Joseph has more than 40 years’ experience as an actuary in the global insurance and reinsurance industry.

Having begun his career at Legal & General, he held a number of senior actuarial roles in the industry including as a partner and global chief actuary within PwC.

Mr Joseph joined the board of XL Catlin, now Axa XL, as an independent non-executive director serving in a variety of committee roles within the Axa XL group including as chairman of the audit committees, and most recently, as chairman of XL Insurance Company SE.

He is also a partner with Vario Partners LLP, which offers consultancy services within the insurance and reinsurance third party capital sector.

Simon Fraser, having completed nine years’ service, stepped down from the board at the conclusion of the 2023 annual general meeting which was held on Wednesday in Bermuda.

He has also stepped down as a member of the audit and remuneration committees.

Peter Clarke, Lancashire’s chairman, said: “We are delighted to welcome Bryan to the Lancashire Group as a non-executive director.

“Bryan has extensive experience as an actuary within the international insurance industry and a proven track record as a director. Bryan will be an excellent fit for the group, bringing significant additional expertise to the board to help us deliver on our strategic ambitions.”

He added: “I would also like to thank Simon for his many years of valuable and insightful service to our board and the business. We wish him well for the future.”