Lancashire
-
Ratings could be lowered by one notch depending on regulatory restrictions on cash flow from Bermuda operating entities to non-operating holding companies, the ratings agency said. -
Cat losses were within budgets despite high levels of minor events.
-
The CEO was speaking on the back of the carrier’s Q3 results, where it confirmed it would be returning $169mn to investors by way of a $119mn special dividend and offering up to $50mn in buybacks.
-
The carrier attributed the growth to significant rate rises in property (re)insurance and growth across other specialty lines.
-
Matthew Narbett will continue in his role as active underwriter of Syndicate 2010, while Colette Murphy has been promoted from deputy head of D&F.
-
His role change — following that of LCM leader Darren Redhead in 2021 — raises questions over the firm’s future ILS strategy.
-
London’s major carriers have projected bullish messages on a prolonged hard market for property, while acknowledging other classes are in very different cycles.
-
Lancashire group CUO Paul Gregory added that Q2 2023 marks the 22nd consecutive quarter of positive rating momentum.
-
The carrier’s insurance GWP increased by 35.1%, while reinsurance GWP grew by 19.9%.
-
Beazley and Lancashire’s plans to launch US units exemplify wider competitive challenges that the market must overcome to thrive.
-
The business is likely to target energy casualty, property D&F and inland marine in its first year.
-
She will join the team headed up by Stella Tomlin, who launched the Lancashire marine liability book in 2021.
Most Recent
-
Apollo and Sompo International enter aviation war market
29 November 2023 -
WTW strengthens in contingency with Guy Carp’s Anscombe and Corrigan
29 November 2023 -
Tokio Marine HCC takes Scor power chief Hannay
29 November 2023 -
InsurTechs band together to launch industry group
29 November 2023 -
Opinion: Tysers' $47mn fine shows broking is not a risk-free game
29 November 2023