Simon Fascione promoted to new role

London-listed (re)insurer Lancashire Holdings has promoted Simon Fascione to chief underwriting officer of its Bermuda operation, Lancashire Insurance Company Limited (LICL).

He has also been appointed to LICL’s board.

Lancashire said Fascione had played an instrumental role in the development of LICL’s reinsurance business and the launch of Lancashire’s sidecar reinsurer, Accordion Re.

Fascione joined Lancashire in October 2006 and, as a key member of the senior underwriting team, has responsibilities across the company’s property account. His role has an emphasis on catastrophe exposures within LICL’s reinsurance business.

“Simon has worked tirelessly in the building of our reinsurance business since joining the company five years ago,” said Lancashire’s group chief underwriting officer Alex Maloney in a statement. “His excellent analytical underwriting skills and his contribution to the formation of Accordion are recognised in this appointment.”