Lancashire predicts Thai losses up to $28mn; joins Japanese creep club
Lloyd's insurer Lancashire has estimated it will book a catastrophe charge of $24mn-$28mn in its fourth quarter accounts on losses from the floods in Thailand.
The company said its estimate was after reinsurance and reinstatement premiums, and was not related to any Japanese reinsurance treaty products, including Japanese interests abroad.
Lancashire has no exposure to such products, the firm said in a 30 January announcement on the London Stock Exchange.
Espirito Santo Investment Bank analyst Joy Ferneyhough said the estimate...
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