Lancashire CFO Elaine Whelan to leave after nine years; successor hunt begins

Bermuda-based specialty re/insurer Lancashire Holdings is seeking a new group chief financial officer following the departure of Elaine Whelan next year.

Whelan, Lancashire’s group CFO and executive director, and CEO of Bermudian subsidiary Lancashire Insurance Company, plans to retire from her roles and the group during the course of 2020.

She will continue in her role as group CFO throughout 2019 and the 2019 financial year end process, and plans to step down from her executive directorship of Lancashire (and subsidiaries) at the end of February 2020.

The company said it will conduct a process to identify the successor group CFO in the coming months.

Whelan joined Lancashire in 2006, became the group CFO at the beginning of 2011 and an executive director on the board in early 2013.

“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.”

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