Reinsurance News
Lancashire Group
London market re/insurers not immune to impacts of COVID-19: Peel Hunt
16th April 2020
London market insurers and reinsurers are certainly not immune to the economic fallout from the COVID-19 outbreak, with exposures to pandemic and the subsequent recession risks seen across the property, marine, casualty, and contingency classes, according to Peel Hunt. In recent industry notes, analysts at Peel Hunt have explored the potential ... Read the full article
Lancashire expects further growth in a better market: CEO Maloney
14th February 2020
Executives at Lancashire Holdings Limited are more positive on the marketplace than they have been for quite some time, and expect the company to grow further in the year ahead. In its recently announced Q4 2019 financial results, Lancashire reported higher profit as a result of a measured pricing improvement, ... Read the full article
Improved Lancashire results early evidence of a hard cycle, says CEO
13th February 2020
Lancashire Group CEO Alex Maloney has said that the improvement in the company’s 2019 results are “early evidence” of the transition to a harder stage of the re/insurance pricing cycle. The Group’s profit (after-tax) improved more than threefold in comparison with the previous year, rising from $37.5 million to $117.9 million. This ... Read the full article
Kershaw to succeed Whelan as Lancashire CFO
5th December 2019
Lancashire Holdings Limited has announced that Natalie Kershaw will replace Elaine Whelan as Group Chief Financial Officer (CFO), effective March 1st, 2020. Currently the firm's Chief Accounting Officer, Kershaw brings almost two decades of insurance and reinsurance industry experience to the role. She has been with Lancashire since December 2009 and has ... Read the full article
Opportunity at Jan renewals better than a year ago, says Lancashire CEO
8th November 2019
As positive rate momentum continues across virtually all lines of business, the Group Chief Executive Officer (CEO) of Lancashire Holdings Limited, Alex Maloney, is confident that the opportunity at the upcoming January renewals is better than what it was a year ago. The underwriting environment is "transitioning to the harder stage ... Read the full article
Lancashire takes advantage of greater market discipline in 2019
7th November 2019
Lancashire Holdings Limited has reported gross written premium growth of 13.8% to $578 million for the first nine months of the year, while its net loss estimate from hurricane Dorian and typhoon Faxai, at $33.2 million, fell within expectations. With the exception of energy, Lancashire experienced premium growth across all business ... Read the full article
Johnston to succeed Whelan as CEO of Lancashire Insurance Company
7th November 2019
Lancashire Holdings Limited has announced that Hayley Johnston will become the Chief Executive Officer (CEO) of Lancashire Insurance Company Limited (LICL), the Group's Bermuda-based insurance and reinsurance carrier. Johnston previously held the role of Chief Underwriting Officer (CUO) at the Group's UK regulated insurer, Lancashire Insurance Company (UK) Limited (LUK), a ... Read the full article
There’s “enough pain in the system” says Lancashire CEO, Alex Maloney
25th July 2019
Alex Maloney, Group Chief Executive Officer (CEO) of Lancashire Holdings Limited, has said that there is "enough pain in the system" and that regardless of new players and new capital, the "market moves on from here." Lancashire posted positive albeit reduced earnings for the first-half of the year, with management ... Read the full article
Lancashire encouraged by improved discipline and pricing
25th July 2019
Lancashire Holdings Limited has reported profit before tax of $40.5 million ($39.1 million after-tax) for the first-half of 2019 and a weaker combined ratio of 86.6% as its loss ratio increased to 34.5%. Despite the weaker result year-on-year, the firm is encouraged by growing signs of improved discipline and pricing ... Read the full article
Rate increases have to be looked at in context: Lancashire CEO, Maloney
7th May 2019
While recent rate increases in the reinsurance market are welcomed, the Chief Executive Officer (CEO) of Lancashire Holdings Limited, Alex Maloney has stressed the importance of looking at any increases in context of the rate given up over the past five years. "You need to balance rate increases from where you ... Read the full article
Early signs of greater market discipline: Lancashire CEO, Maloney
2nd May 2019
The insured catastrophe loss experience of the past two years has demonstrated that rates in many lines of business had fallen too low, but signs of greater market discipline are starting to show, according to the Chief Executive Officer (CEO) of Lancashire Holdings Limited, Alex Maloney. Following a prolonged soft reinsurance ... Read the full article
Lancashire to write post-Brexit business through Lloyd’s Brussels
15th February 2019
Specialty insurance and reinsurance group Lancashire Holdings intends to use Lloyd’s recently established European hub in Brussels to write business after the UK leaves the European Union, according to reports from Reuters. Speaking in an interview with the publication, Alex Maloney, Chief Executive Officer (CEO) at Lancashire, said: “We have negotiated ... Read the full article
Lancashire pleased with resilient reinsurance programme
14th February 2019
High levels of catastrophe losses hit Lancashire's operating performance in the fourth-quarter of 2018, but despite this, the firm's resilient portfolio and reinsurance programme contributed to a positive performance for the full-year. Lancashire has reported a net operating loss of $13.9 million for the fourth-quarter of 2018, compared with a loss ... Read the full article
Emma Woolley named Cathedral Underwriting CEO
23rd January 2019
Specialty re/insurance group Lancashire Holdings has appointed Emma Woolley as Chief Executive Officer of its subsidiary Cathedral Underwriting Limited (CUL). She replaces Andrew Mckee, who has served in the role since June 2017 and is due to depart at the end of the month. Woolley brings over two decades of experience in ... Read the full article
Cats push Lancashire to Q3 loss, firm eyes specialty line growth in 2019
1st November 2018
Lancashire Holdings Limited has reported a net operating loss of $24.6 million and a combined ratio of 135.2% for the third-quarter of 2018 as a result of catastrophe events. However, the firm remains in positive territory for the first-nine months of the year and sees growth opportunities in 2019. Despite an ... Read the full article
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