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OLD LYME HOLDING CORPORATION: RICHARD BUTLER, SENIOR INSURANCE BANKING EXECUTIVE, NAMED TO BOARD

 NEW YORK, Oct. 27 /PRNewswire/ -- Old Lyme Holding Corporation (NASDAQ-NMS: OLHC) today announced the addition of Richard B. Butler, senior vice president of ING Bank, to its board of directors. Mr. Butler is an experienced senior insurance banking executive with a long career in analyzing, funding and providing strategic advice to the insurance industry. Prior to his current position with ING Bank, Mr. Butler had more than 12 years of insurance lending experience as a managing director with Chase Manhattan Bank, N.A., and a senior vice president of Westpac Banking Corporation.
 In making the announcement, Lawrence Greenfield and Bruce Guthart, chairman and president, respectively, said, "We are delighted that Mr. Butler has agreed to join the company as a director and are confident that his keen understanding of the property and casualty industry will help shape the strategic direction of the company, thus strengthening the company's ability to prosper in an ever changing marketplace."
 -0- 10/27/93
 /CONTACT: Marc Silverman of Old Lyme Holding Corporation, 212-210-9292/
 (OLHC)


CO: Old Lyme Holding Corporation ST: New York IN: INS SU: PER

SH-MP -- NY095 -- 7436 10/27/93 14:56 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:190
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