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18 May 2012

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Lancashire agrees $200mn credit facility

26 April 2010

Bermudian short-tail specialist Lancashire Holdings has unveiled a $200mn credit facility with UK banking group Lloyds TSB.

The two-year letter of credit facility will be used to support reinsurance obligations of the (re)insurer's underwriting arm, Lancashire Insurance Company Ltd.

Richard Askey of Lloyds TSB Corporate Markets said: "We are delighted to work with Lancashire on this transaction and provide a financing structure to support the group.&...

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