Reinsurance News
Lancashire Holdings
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
Lancashire CFO Elaine Whelan to step down in 2020
24th May 2019
Specialty insurance and reinsurance group Lancashire Holdings has announced that its Group Chief Financial Officer (CFO) Elaine Whelan plans to retire during the course of 2020. She will continue in her role as Group CFO throughout 2019 and the financial year end process, and will step down from this role and ... Read the full article
Lancashire moves supervisory and tax domiciles from UK to Bermuda
13th March 2019
Specialty insurance and reinsurance group Lancashire Holdings has announced that its Group supervisory and tax domiciles are to be re-established in Bermuda with effect from 1 January 2019. In 2012, the company decided to establish its head office and conduct the majority of its Board business in the UK, prior to ... 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
Prudent use of reinsurance helped Lancashire reduce Q3 losses
10th October 2018
Specialty insurance and reinsurance group Lancashire Holdings Limited recently reported a $30 million net loss within its marine book of business, but analysis from Peel Hunt highlights how the company's prudent use of reinsurance mitigated its exposure to third-quarter loss events. Lancashire announced recently that it expects to record a ... Read the full article
Lancashire expects negative Q3 RoE on marine and nat cat losses
8th October 2018
Specialty re/insurer Lancashire Holdings has announced an aggregate net loss from exposure to events within its marine portfolio of approximately $30 million. In addition, the company has suffered an accumulation of attritional losses as a result of exposures to a number of recent natural catastrophe events - including hurricane Florence, and ... Read the full article
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