Appointment

Lancashire Holdings Limited
13 March 2006


Lancashire Holdings Limited Announces Recruitment of Deputy Chief Underwriting
Officer


HAMILTON, Bermuda (13th March 2006) - Lancashire Holdings Limited today
announces the intended appointment of Simon Burton as Deputy Chief Underwriting
Officer of Lancashire Insurance Company Limited with effect from 10th April
2006, subject to approval from the Bermuda Department of Immigration.

Simon brings extensive technical and practical underwriting experience to
Lancashire Insurance Company Limited, in a wide range of short tail property
classes on an insurance, reinsurance and retrocessional basis. Simon will join
Lancashire from the ACE Group, where he was most recently employed as President,
ACE Financial Solutions International. Prior to joining ACE Simon worked as a
consulting actuary at Tillinghast in London and Bermuda.

Richard Brindle, Chief Executive, said, 'This is an exciting development for the
Group. Following closely on the appointment of Bryan Bumsted as Retrocession
Underwriter and Vice President in February 2006, Simon will provide valuable
management oversight that will further enhance the strength of our underwriting
team in Bermuda.'

Separately J. Alex Richards, currently Retrocession Underwriter and Vice
President of Lancashire Insurance Company Limited, will leave the company by
mutual consent effective 1 April 2006.

About Lancashire

Lancashire Holdings Limited, through its operating subsidiary, Lancashire
Insurance Company Limited, is a Bermuda-based provider of reinsurance and
insurance. Lancashire Holdings Limited is admitted to AIM under the ticker
symbol LRE.

Contacts:

Neil McConachie

Chief Financial Officer [phone]


Financial Dynamics

Robert Bailhache [phone]



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