According to trade press (The Insurance Insider), Lancashire has parted company with the CEO and FD for its Lloyd’s platform, Cathedral. The article states that both individuals have been ‘dismissed’. We contacted Lancashire on the news, but the group was not prepared to comment at this stage. The shares fell 11.46% yesterday. Clearly the question is why, whether others will follow, and what that means for profitability. In fact it could be good news if key staff stay and th
