In response to significant growth in recent years that has increased the size of its risk management operations, Lennox International Inc. (Dallas) has formed Lake Park Insurance Ltd., a captive insurance company. Lake Park Insurance will reinsure the risks of Lennox International and provide a cost-effective alternative to purchasing insurance from the conventional market.
Harry Ashenhurst has been appointed president, Lake Park Insurance. He will also continue to serve as chief administrative officer, Lennox International.