Lancashire has announced that it has formed a new capital management division to be headed up by Simon Fascione.
The new division will focus on the management and execution of existing managed premium strategies in addition to the development of new products and structures.
Richard Brindle, CEO of Lancashire Group, commented: “The creation of Lancashire Capital Management is an exciting and logical step for Lancashire given the ongoing evolution of the third party capital market. We have an established track record in relation to the management of third party capital investments via Sirocco, Accordion and more recently Saltire. This announcement further illustrates our commitment to ensure we are continually exploring all avenues of innovation to meet the complex needs of both our clients and investors. Lancashire Capital Management will enhance the Group's ability to match supply with demand within an industry in transition.”
Lancashire, Bermuda, asset management, capital management