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Birthday : 08/30/1930
Place of birth : Omaha (Omaha) - USA
Biography : Mr. Warren E. Buffett is Chairman & Chief Executive Officer at Berkshire Hathaway Assurance Corp., C
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Lancashire : Insurer Lancashire's profit slumps, appoints CFO for Cathedral

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05/05/2016 | 08:41am CEST

Property and casualty insurer Lancashire Holdings Ltd on Thursday reported a 48.5 percent slump in first-quarter pretax profit, and appointed Heather McKinlay as chief financial officer for its Cathedral arm.

The company, which writes policies for heavy-duty assets such as oil rigs, ships and aircraft, said pretax profit fell to $26.5 million in the quarter ended March 31, from $51.5 million a year earlier.

Lancashire last year announced the departure of Cathedral's CEO and CFO.

(Reporting by Noor Zainab Hussain and Aastha Agnihotri in Bengaluru; Editing by Sunil Nair)

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