Analysts unfazed by Lancashire fac withdrawal
Analysts say it's too early to make a call on what
Lancashire's pullback from direct and facultative (D&F)
property business means for the London-listed insurer.
Lancashire has exited the D&F market with immediate effect,
which will trim its underwriting book by some 10 percent, as
previously revealed by sister publication Inside
FAC.
The group had gross written premiums (GWP) of $57.5mn in property
D&F lines in 2011, as well as $8.6mn of premiums from onshore
energy business, which it has...
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