Brace Underwriting Limited (“Brace”), a multi-line and alternative risk specialist underwriter backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. (NYSE: AMBC), today announces that Hayley Johnston will be joining the board as an independent non-executive director, subject to regulatory approval.
Johnston is currently chief executive officer of Lancashire Insurance Company Limited in Bermuda and was formerly chief underwriting officer for Lancashire Insurance Company (UK) Limited. Prior to Lancashire, she worked at Axis Specialty Europe where she was the underwriting and outwards reinsurance manager.
Adam Holberry, group CEO of Brace, said: “Hayley is a respected figure in our market and has demonstrated excellent underwriting skills through positive results at Lancashire. We are excited to have her knowledge and expertise as we continue our expansion in the US and further cement our position as a leading delegated authority underwriter in Lloyd’s and Europe.”