Lancashire Holdings gross premiums up 47%, reiterates disaster losses

Insurer Lancashire Holdings said gross written premiums jumped 47% in the nine months to September 30, driven mainly by growth in property and casualty reinsurance.

The company on Thursday reiterated catastrophe loss estimates to be between $185m - and $165m for recent disasters including Hurricane Ida in the US and the flood that hit Europe.

Gross premiums came in at $968m from $658.7m a year earlier as gross premiums written in the property catastrophe class increased largely as a result of new business and rate increases.