Reinsurance News
lancashire
Specialty reinsurers’ combined ratios may be ‘too conservative’: RBC Capital Markets
18th April 2023
RBC Capital Markets said specialty reinsurers' combined ratios may be "too conservative" due to factors such as conservative reserving, rebuilding reserve buffers, and higher investment returns which could offset weaker underwriting returns. Insurers are expected to report strong solvency positions and detail any relevant asset exposures, with a focus on the ... Read the full article
Lancashire benefiting from hard market: Berenberg
7th December 2022
According to a recent note from Berenberg, Lancashire’s outlook for 2023 is more than strong, mainly thanks to its recent expansion into new lines of business such as casualty reinsurance. This expansion, said analysts, is effectively transforming the re/insurer’s business model by providing a more diversified earnings stream, which means that ... Read the full article
AM Best revises Lancashire’s outlook to negative and affirms credit ratings
2nd December 2022
Global credit rating agency AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Lancashire Holdings Limited and subsidiaries. According to the announcement, these ratings ... Read the full article
Lancashire indicates a change in property cat strategy
12th October 2022
Lancashire Holdings (LRE) has indicated that it is likely to maintain its net property catastrophe footprint, shifting away from the expansion it has been pursuing since 2018. These remarks came from a roundtable that investment bank Peel Hunt held earlier this week involving Paul Gregory, CUO of LRE. Peel Hunt said ... Read the full article
Lancashire appoints John Gressier as a Non-Executive Director
27th July 2022
Lancashire Holdings, the Specialty insurance and reinsurance firm, has appointed John "Jack" Gressier as a Non-Executive Director. Gressier has over thirty years’ experience in the insurance industry having worked since 1986 for BPC Underwriting Agencies, before moving to Charman Underwriting Agencies and subsequently the ACE group as Director of ... Read the full article
Lancashire appoints James Irvine as new CUO for reinsurance
21st June 2022
Lancashire has appointed James Irvine as its now group CUO for its reinsurance business. Irvine moves to his new position alongside a host of other appointments within the firm. The company has also made James Flude, CUO at its Lancashire Insurance Company (UK) arm into the group CUO for its insurance ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
Lancashire reports gross written premiums up by >34% YOY
28th April 2022
Lancashire is reporting that its gross written premiums increased 34.7% YOY in its latest results. The firm said that they rose to $477.9m in the year following March 2021. It also said that its group renewal price index was at 106%. However, the insurer said that it estimated net losses from ... Read the full article
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