Three hand in resignations at Cathedral after management changes

Lancashire Holdings, the Bermuda-based insurance company, has revealed major changes in the underwriting teams of its subsidiary Cathedral.

Underwriters Simon King, Mark Wilson and Nicholas Destro have all given notice to resign, which have been accepted.

The resignations come after changes to Cathedral’s management were announced last week. Alex Maloney was made chief executive of Cathedral Capital, and Richard Williams was named as Cathedral active underwriter and as a director of Cathedral Underwriting Limited (CUL).

"We thank Simon, Mark and Nick for their contribution to the success of Cathedral,” said Maloney.

“They have now decided to move on and we will work with them during their notice periods over the coming year to ensure continuity in our client service."