Lancashire
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The Insider 50 fell by 5.2 percent last week amid a wider sell-off prompted by US interest rate worries.
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Lancashire will lose money in the third quarter.
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Equity research exposes mixed views on the impact of the Q3 losses on rates. -
The London-listed carrier also named Ben Readdy as the group’s new chief actuary.
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Beazley among the carriers to fall short of analyst expectations.
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London carriers in the Insider 50 outperformed all other groups of companies in the index last week.
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The carrier has already added teams in downstream energy, power, and aviation deductibles over the past nine months.
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The Lancashire CEO also said his firm was considering adding new teams in niche, short-tail specialty lines.
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Beazley and Lancashire posted unexpected misses against estimates.
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The Lancashire CEO welcomes Jon Hancock’s hard line on underperforming Lloyd’s syndicates.
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Former CEO Rick Welsh has left the company as it prepares for a rebrand.
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Shares in the Alex Maloney-led carrier slip after a currency loss pushes second-quarter earnings below expectations.
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