April 30, 2020 / 6:20 AM / a month ago

Lancashire Holdings sees $35 mln COVID-19 claims in first quarter

April 30 (Reuters) - Lancashire Holdings Ltd reported higher gross written premiums for the first quarter on Thursday, even as the insurer said it expects about $35 million of claims related to COVID-19 for the period.

Lancashire, which insures everything from ships and aircraft to damages from terrorism and war, said its gross written premiums rose 11.8% to $242.8 million in the quarter ended March 31.

Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V

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