Bermudian-based Lancashire Holdings Ltd has appointed Paul Gregory as an executive director on the company’s board.

Since May 2014 Mr Gregory has served as the Lancashire group chief underwriting officer, with responsibility for oversight of the group’s underwriting operations, and as a member of the executive management team.

Prior to joining Lancashire, he was an energy underwriter at AIG, having started his career as an account executive at Marsh.

Mr Gregory joined Lancashire in 2007 as an energy underwriter and was appointed chief underwriting officer of Lancashire Insurance Company (UK) Ltd in 2009.

He held the role of chief executive officer of Lancashire Insurance Company (UK) Ltd between 2014 and 2019 and has been a member of LHL’s underwriting and underwriting risk committee since 2010.

Since 2021, he has served as chief executive officer of Lancashire Capital Management.

Alex Maloney, chief executive officer, said: “We are delighted to welcome Paul to the board. Paul has been a trusted colleague, adviser and a valued member of our senior management team for many years. He is a welcome addition to our board.”

Philip Broadley, chairman of the board, said: “Paul’s knowledge of our business, leadership skills and deep industry knowledge will add great value to the board and help us to deliver on our strategic objectives.”

Mr Broadley assumed the role of chairman following the company’s annual general meeting on May 1.

Lancashire said Peter Clarke has now stepped down from his role as chairman and non-executive director of the company.