Reinsurance News
Lancashire Group
Lancashire ‘very pleased’ with outcome of Jan 1 reinsurance renewals: CUO Gregory
5th March 2026
Bermuda-based insurer and reinsurer, Lancashire Insurance Holdings, is "very pleased" with the outcome of its inwards and outwards reinsurance renewals at January 1, 2026, as the firm took advantage of the opportunity to tailor better structured products to help manage its earnings volatility in this phase of the cycle, said ... Read the full article
Lancashire grew reinsurance premiums 8% in 2025
5th March 2026
Bermuda-based Lancashire Insurance Holdings grew premiums across its reinsurance segment by 8.1% year-on-year to $1.2 billion in the 2025 financial year, with each pillar contributing to growth, as Group profit after tax decreased by 9% to $293.4 million amid higher costs from weather and large loss events. Across the business, gross ... Read the full article
Lancashire announces key senior management changes as Spence and Johnston depart
11th August 2025
Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, CEO of Lancashire Syndicates Limited, and Hayley Johnston, CEO of Lancashire Insurance Company Limited, will both be retiring from ... Read the full article
We don’t believe it’s a soft market, most classes we write more than adequately priced: Lancashire CEO
6th August 2025
Insurance market conditions remain favourable with most lines of business well priced, and while rates have come down from recent highs, Alex Maloney, CEO of Bermuda-based insurer and reinsurer Lancashire, has said after seven years of aggregate rate change, you don't transition to a soft market in six months. Speaking recently ... Read the full article
Lancashire’s GPW up 11% in 2024 with growth in property and specialty reinsurance
6th March 2025
Bermuda-based Lancashire Holdings Limited recorded profit after tax of $321.3 million in 2024, which is in line with the prior year, with a solid 80% combined ratio for the year as the firm's insurance and reinsurance businesses performed well. Across the Group, Lancashire gross premiums written (GPW) increased by 11% year ... Read the full article
Lancashire sees 9M’24 insurance revenue climb 16.8% to $1.3bn
6th November 2024
Specialty insurance and reinsurance group Lancashire Holdings has reported insurance revenue of $1.3 billion for the first nine months of 2024, an increase of $186.8 million, or 16.8%, compared to the same period in 2023, despite anticipating net losses relating to recent weather events of up to $140 million. Meanwhile, gross ... Read the full article
Property reinsurance market a great place to be, says Lancashire CUO Gregory
8th August 2024
Bermuda-based carrier Lancashire Holdings Ltd. reported strong growth in its property reinsurance portfolio during the first six months of 2024, and recent comments from Chief Underwriting Officer (CUO), Paul Gregory, suggest the firm will continue to take advantage of favourable market conditions. For the first half of this year, Lancashire's ... Read the full article
Lancashire’s H1’24 GPW hits $1.3bn with strong reinsurance performance
8th August 2024
Bermuda-based Lancashire Holdings Limited has reported that gross premiums written (GPW) increased by $98.2 million, or 8.3% year-on-year to approximately $1.3 billion for the first half of 2024, split $734 million reinsurance and $547 million insurance. In the company's reinsurance segment, GPW increased by $76.6 million, or 11.6% for the first ... Read the full article
Lancashire Insurance expands global footprint with opening of US business
8th April 2024
Bermuda-based re/insurer Lancashire Holdings has announced the official opening of its Lancashire Insurance US (LUS) business, with Huw Jones, previously Group Head of Specialty Insurance, named Chief Executive Officer (CEO) of LUS. LUS will conduct insurance commerce under Lancashire Insurance (US) LLC doing business as Lancashire Insurance Specialty Services across the ... Read the full article
More stability, healthy levels of reinsurance profitability expected in 2024: Lancashire CUO
6th March 2024
Trading conditions at the January 1st, 2024, reinsurance renewals were much more stable than a year earlier, and with discipline maintained and a greater willingness from existing carriers to deploy, the outlook for 2024 is one of more stability and healthy levels of profitability, according to Paul Gregory, Chief Underwriting ... Read the full article
Current hard market driven by need for profitability: Lancashire CEO
9th November 2023
One of the unusual things about the current hard re/insurance market is that there's now been positive rate change for seven years running, and with market discipline expected to persist as carriers target better returns, Lancashire Holdings is confident that this market is here to stay, according to Chief Executive ... Read the full article
Lancashire sees GWP grow 23.2% as insurance revenue breaches $1bn
9th November 2023
In its nine month results, Lancashire Holdings Limited has reported that gross premiums written increased by 23.2% year-on-year to $1.6 billion, while IFRS 17 insurance revenue increased by 22.1% to $1.1 billion. Of the total gross premiums written, the reinsurance segment accounted for $837.7 million, while the insurance segment accounted for ... Read the full article
Lancashire expects positive rate environment to persist as H1 2023 GPW rises 26%
10th August 2023
Bermuda-based Lancashire Holdings Limited has reported a 26.2% rise in gross premiums written (GPW) for the first half of 2023 driven by growth in both its reinsurance and insurance segments, as the firm highlights a positive rate environment which it expects to persist through the remainder of the year. Across its ... Read the full article
Lancashire grows reinsurance premiums by 50%, improves underwriting
10th February 2023
Bermuda-based re/insurer Lancashire Holdings has reported that its gross written premiums increased by 34.9% to $1,652 million over 2022, including premium growth of 50% for its reinsurance business. The company also recorded underwriting profit of $150.8 million for the year, compared with $96.0 million in 2021, on a combined ratio of ... Read the full article
Lancashire Insurance Group makes four new appointments
23rd November 2022
Lancashire Insurance Group has made a series of new appointments. The firm said on LinkedIn that it had appointed Emma Jefferies to the role of senior underwriter, Edward Elston as a delegated underwriting administrator, and Aaron Wong as an exposure management analyst. The firm also said that it had appointed Stephanie Medeiros ... Read the full article
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