Capital-rich Lancashire to pay $213mn special dividend
Bermuda-domiciled Lancashire continued its record of active capital management by announcing a special cash dividend of $213mn, equivalent to $1.40 per share.
Meanwhile, the London market specialty carrier continued to redirect its portfolio away from property business and towards energy to reflect differential rating movements.
And the company also announced a senior management shake-up with its CUO joining the board and an appointment of a new CFO.
Lancashire's Q3 performance was broadly comparable to the prior-year reporting period.
Pre-tax profits...
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