Lancashire hires Redhead as capital management boss

Lancashire Holdings has appointed Darren Redhead as head of its Lancashire Capital Management division (LCM). 

Redhead was previously chief underwriting officer of DE Shaw Re (Bermuda), a hedge fund-backed property catastrophe reinsurer.

Prior to that he served as syndicate deputy underwriter of Lloyd’s syndicate Talbot Underwriting.

Lancashire chief executive Richard Brindle said: “I am really pleased that Darren is joining us. He is a well known industry figure and will be most helpful in developing our plans for LCM.”

Redhead added: “I am excited to be joining a company such as Lancashire which has a strong and proven track record. I look forward to heading up LCM and building upon the firmly established foundations that Lancashire has created in the management of third party capital.”