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Lancashire Holdings made after-tax profits of $31.5 million for the second quarter of the year — down $7.4 million on the same quarter last year. Gross premiums written for the period totalled $199.8 million, an increase of $20.5 million on the $179....

Lancashire Holdings Ltd has appointed a new underwriter at its Cathedral underwriting operation in London. Jon Barnes will join Cathedral to lead its underwriting of property treaty reinsurance business for Lloyd’s of London Syndicate 2010. Mr Barnes...

Lancashire Holdings saw its profit almost halved to $28.3 million in the first quarter. However, the company kept its combined ratio steady at 72.7 per cent, only a fraction higher than the same period last year. Price reductions on renewals in Janua...

Lancashire Insurance Company Ltd has entered into a new $300 million credit facility involving a group of banks. The company is a wholly owned subsidiary of Bermudian-based Lancashire Insurance Company Ltd. Lloyds Bank and Barclays Bank are the joint...

Insurance and reinsurance company Lancashire Holdings yesterday posted after-tax profits of $54.4 million for the last quarter of 2015. The figure takes the profits for the full year to more than $181 million. The quarterly profit is down $32.4 milli...

Insurance and reinsurance firm Lancashire has rejected the idea of a merger with another firm as a way to boost business. Company CEO Alex Maloney said: “I don’t really buy the bigger is better thing. “I see no evidence of any of the companies that h...

Veteran insurance chief Richard Brindle is set to head up a new $2 billion insurance venture on the Island. Mr Brindle — former CEO of Bermuda-based Lancashire Holdings — will lead Fidelis Insurance Holdings, according to reports. The new firm is bac...

Reinsurance is struggling with too much capacity, Lancashire Holdings CEO Alex Maloney said yesterday. “This is driving competition on both price and terms and conditions,” he added. He was speaking as the firm released its 2014 last quarter and full...

Lancashire Holdings more than tripled profits to $36.2 million in the third quarter of the year. In the same period in 2013, the firm’s net operating profit totalled $11.2 million — a $25 million increase for quarter three of this year. The firm wrot...

A ‘golden handshake’ amounting to a value of more than $10 million to Lancashire Holdings founder and retiring chief executive officer Richard Brindle impacted the reinsurer’s second quarter results announced yesterday. The report stated: “Lancashir...