Lancashire Holdings gross premiums up 47%, reiterates disaster losses
Lancashire Holdings Limited
566.00p
16:14 18/04/24
0.00%
0.00p
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.
FTSE 250
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16:15 18/04/24
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Insurance (non-life)
3,620.56
16:14 18/04/24
1.25%
44.74
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.