Lancashire Holdings’ group chief financial officer Elaine Whelan plans to retire in 2020, and the Bermuda specialty re/insurer is now seeking a replacement.
Whelan will continue her role as group CFO throughout 2019 and the 2019 financial year-end process, and plans to step down from her executive directorship of Lancashiare at the end of February 2020. She will also be retiring from her role as CEO of Bermudian subsidiary Lancashire Insurance Company
“Her drive, dedication and insight have helped contribute to the growth and development of our business and she has made an exceptional contribution to Lancashire’s success over many years," said Lancashire chairman Peter Clarke.
"We look forward to working with Elaine over the coming year and we are pleased that Elaine will be assisting the Board in implementing an orderly succession process for the group CFO role. I join my Board and senior management colleagues in wishing Elaine well for her life post Lancashire.”
Whelan commented: “I have enjoyed the many challenges and savoured the successes we have achieved at Lancashire in my time with the business. It has been a tremendous experience and I have had the opportunity to work with some amazing people. While I will miss that a great deal, personally the time has come for a change and my retirement from Lancashire gives me that.”
Lancashire, Elaine Whelan, Bermuda