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United Kingdom

Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

696.00GBp
20 May 2019
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Latest Key Developments (Source: Significant Developments)

Lancashire Holdings Q1 Gross Written Premiums Rises Slightly
Thursday, 2 May 2019 

May 2 (Reuters) - Lancashire Holdings Ltd ::REG-LANCASHIRE HLD LTD: Q1 2019 TRADING STATEMENT.LANCASHIRE HOLDINGS LTD - MARKET TRENDS IN RELATION TO GROUP'S BUSINESS REMAIN UNCHANGED SINCE GROUP'S Q4 2018 REPORTING.LANCASHIRE HOLDINGS LTD - QUARTERLY GROSS PREMIUMS WRITTEN INCREASED BY 0.6% YEAR ON YEAR TO $217.2 MILLION.LANCASHIRE HOLDINGS LTD -QUARTERLY RATE INCREASES REMAINED CONSISTENT WITH FULL YEAR 2018 TRENDS.LANCASHIRE HOLDINGS LTD - CLAIMS ENVIRONMENT WAS RELATIVELY BENIGN, WITH NO NEW MAJOR NET LOSSES IN QUARTER.LANCASHIRE HOLDINGS LTD - TOTAL INVESTMENT RETURN OF 1.8% IN QUARTER.LANCASHIRE HOLDINGS LTD - UNDERWRITING MARGINS REMAIN IN LINE WITH OUR EXPECTATIONS IN QUARTER.LANCASHIRE HOLDINGS LTD - THERE IS EVIDENCE THAT INSURANCE AND REINSURANCE MARKETS IN WHICH WE OPERATE ARE NOW GOING THROUGH A PERIOD OF TRANSITION.LANCASHIRE - HEAVY GLOBAL INSURED LOSSES SUSTAINED BY MARKETS OVER LAST 24 MONTHS HAVE DEMONSTRATED PREMIUM LEVELS IN MANY CLASSES HAD FALLEN TOO LOW.LANCASHIRE HOLDINGS LTD - WE ARE NOW BEGINNING TO SEE EARLY SIGNS OF GREATER MARKET DISCIPLINE.LANCASHIRE HOLDINGS LTD - PRICING IN OUR PROPERTY REINSURANCE CLASSES REMAINS SUBDUED OUTSIDE OF LOSS IMPACTED TERRITORIES.LANCASHIRE HOLDINGS LTD - WE EXPECT PROPERTY CATASTROPHE RATES TO REMAIN FLAT ACROSS PORTFOLIO.LANCASHIRE HOLDINGS LTD - TERRORISM AND POLITICAL RISK BUSINESS ALSO SAW BROADLY FLAT RENEWALS IN Q1.  Full Article

Lancashire Holdings Sees Improved Rates Across Many Of Lines Of Business
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Lancashire Holdings Ltd ::LANCASHIRE HLD LTD - FINAL RESULTS.LANCASHIRE HOLDINGS LTD - COMBINED RATIO OF 107.4% IN Q4 2018 AND 92.2% IN 2018.LANCASHIRE HOLDINGS LTD - FINAL ORDINARY DIVIDEND OF $0.10 PER COMMON SHARE.LANCASHIRE HOLDINGS LTD - Q4 OF 2018 ONCE AGAIN WITNESSED HIGHER LEVELS OF LOSS ACTIVITY THAN AVERAGE, WITH OCCURRENCE OF HURRICANE MICHAEL IN OCTOBER.LANCASHIRE HOLDINGS LTD - 2018 RANKS AMONGST FOUR LARGEST LOSS YEARS OF LAST COUPLE OF DECADES.LANCASHIRE HOLDINGS LTD - FOLLOWING 2017, THIS IS SECOND YEAR IN SUCCESSION OF WELL ABOVE AVERAGE GLOBAL INSURED CATASTROPHE LOSSES.LANCASHIRE HOLDINGS LTD - HAS GENERATED A POSITIVE ROE FOR FULL YEAR OF 2.4%.LANCASHIRE HOLDINGS LTD - EXPECT TO SEE IMPROVED RATES ACROSS MANY OF OUR LINES OF BUSINESS.LANCASHIRE HOLDINGS LTD - WILL CONTINUE TO HOLD SOME CAPITAL FOR OPPORTUNITIES THAT MAY ARISE.LANCASHIRE HOLDINGS LTD - GROSS PREMIUMS WRITTEN INCREASED BY 94.1% IN Q4 OF 2018 COMPARED TO SAME PERIOD IN 2017.LANCASHIRE HOLDINGS LTD - GROUP'S NET LOSS RATIO FOR Q4 OF 2018 WAS 60.0% COMPARED TO 75.5% FOR SAME PERIOD IN 2017.LANCASHIRE - NET LOSSES RECORDED FOR Q4 OF 2017 IN RELATION TO CALIFORNIA WILDFIRES WERE $34.5 MILLION.LANCASHIRE - FOR 2018, OUR NET LOSSES INCURRED ALSO INCLUDED $56.1 MILLION IN RELATION TO LOSSES WITHIN OUR MARINE PORTFOLIO PLUS CATASTROPHE EVENTS.LANCASHIRE - FY PRETAX PROFIT $33.6 MILLION VERSUS LOSS OF $72.9 MILLION.  Full Article

Lancashire Holdings Qtrly Loss Narrows, Declares Special Dividend
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Lancashire Holdings Ltd ::QTRLY RETURN ON EQUITY 1.9 PERCENT.QTRLY RETURN ON TANGIBLE EQUITY 2.2 PERCENT.QTRLY GROSS PREMIUMS WRITTEN $115.2 MILLION VERSUS $143.0 MILLION REPORTED LAST YEAR.SPECIAL DIVIDEND OF $0.20 PER COMMON SHARE IN Q3.FULLY CONVERTED BOOK VALUE PER SHARE OF $5.54 AS AT 30 SEPTEMBER 2018.QRLTY LOSS BEFORE TAX $25.3 MILLION VERSUS LOSS OF $136.4 MILLION REPORTED LAST YEAR.EXPECT TO MAINTAIN OUR CORE BOOK OF BUSINESS AND CONTINUE TO EXPAND OUR SPECIALTY INSURANCE LINES OF BUSINESS.  Full Article

Lancashire Sees About 25-45 Mln Stg Loss From Natural Catastrophes
Monday, 8 Oct 2018 

Oct 8 (Reuters) - Lancashire Holdings Ltd ::HAS HAD EXPOSURE TO LOSS EVENTS WITHIN ITS MARINE PORTFOLIO.ESTIMATED ULTIMATE NET LOSSES FOR EVENTS ARE EXPECTED TO BE ABOUT $30 MILLION.LANCASHIRE SUFFERED ACCUMULATION OF ATTRITIONAL LOSSES AS RESULT OF RECENT NATURAL CATASTROPHE EVENTS, INCLUDING HURRICANE FLORENCE.ESTIMATED NET ULTIMATE LOSSES FOR NATURAL CATASTROPHE EVENTS EXPECTED TO BE IN A RANGE OF $25 MILLION TO $45 MILLION.LOSS ESTIMATES INCLUDE LANCASHIRE'S EXPOSURES THROUGH ITS BERMUDA, UK AND LLOYD'S OPERATIONS.EXPECTS THAT IT WILL PRODUCE A NEGATIVE RETURN ON EQUITY FOR Q3 OF 2018.ABSENT CERTAIN EVENTS, COMPANY WOULD HAVE BEEN PROFITABLE FOR Q3.COMPANY ALSO EXPECTS TO REMAIN PROFITABLE FOR FIRST 9 MONTHS OF 2018.  Full Article

Lancashire Holdings Names New Chief Underwriting Officer & Chief Actuary
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Lancashire Holdings Ltd ::PLANNED UNDERWRITING AND ACTUARIAL CHANGES.APPOINTMENT OF JAMES IRVINE AS CHIEF UNDERWRITING OFFICER FOR LANCASHIRE INSURANCE COMPANY.BEN READDY AS GROUP CHIEF ACTUARY FOR LHL WITH EFFECT FROM 1 JANUARY 2019.  Full Article

Lancashire Holdings' H1 Gross Premiums Written Rise 3 Pct
Thursday, 26 Jul 2018 

July 26 (Reuters) - Lancashire Holdings Ltd ::INTERIM DIVIDEND 0.05 USDPER SHARE.COMBINED RATIO OF 69.2% IN Q2 2018, 67.1% YEAR TO DATE.PRICING PEAKED AT JANUARY RENEWALS AND WE ARE NOW EXPERIENCING A DECLINE FROM THOSE LEVELS.OUR OUTLOOK FOR REST OF YEAR IS A CONTINUATION OF CURRENT TRENDS.Q2 RETURN ON EQUITY 2.9 PERCENT.FOR FIRST SIX MONTHS OF 2018, GROSS PREMIUMS WRITTEN INCREASED BY 3.0% COMPARED TO FIRST SIX MONTHS OF 2017.Q2 RETURN ON TANGIBLE EQUITY 3.4 PERCENT.H1 PRETAX PROFIT $74.9 MILLION VERSUS $66.7 MILLION.  Full Article

Lancashire Appoints Sally Williams As Non-Executive Director
Friday, 20 Jul 2018 

July 20 (Reuters) - Lancashire Holdings Ltd ::APPOINTMENT OF SALLY WILLIAMS AS A NON-EXECUTIVE DIRECTOR WHICH IS TO TAKE EFFECT IN EARLY 2019 ON A DATE TO BE CONFIRMED.  Full Article

Insurer Lancashire reports Q3 loss on natural catastrophe hits
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Lancashire Holdings Ltd :Q3 FULLY CONVERTED BOOK VALUE PER SHARE $‍5.53​ VERSUS $6.55 IN Q3 2016.Q3 GROSS PREMIUMS WRITTEN $‍143.0​ MILLION VERSUS $108.2 MILLION IN Q3 2016.NO SPECIAL DIVIDEND PER COMMON SHARE VERSUS $0.75 IN Q3 2016.Q3 LOSS BEFORE TAX $‍136.4​ MILLION VERSUS PROFIT OF $42.9 MILLION Q3 2016.LANCASHIRE- ‍LAST COUPLE OF MONTHS HAVE WITNESSED A SERIES OF DAMAGING HURRICANES IN CARIBBEAN, GULF OF MEXICO AND U.S. COASTAL REGIONS.Q3 COMBINED RATIO ‍213.3​ PERCENT VERSUS 73.8 PERCENT IN Q3 2016.‍LAST COUPLE OF MONTHS HAVE WITNESSED TWO SIGNIFICANT EARTHQUAKES IN MEXICO​.‍AT SUCH TIMES LANCASHIRE EXPECTS TO PAY LOSSES, AND THIS IS REFLECTED IN OUR RESULTS FOR Q3 AND YEAR TO DATE​.INDUSTRY HAS EXPERIENCED LOSSES OF MANY BILLIONS OF DOLLARS, WHICH WILL HAVE DEPLETED CAPITAL AND STRESSED BALANCE SHEETS​.‍OUR ESTIMATED NET LOSSES FALL COMFORTABLY WITHIN OUR EXPECTATIONS FOR SUCH CATASTROPHE EVENTS​.‍AFTER YEARS OF SOFT PRICING CONDITIONS WE ARE SEEING SOME EVIDENCE OF AN INCREASE IN PRICING, PARTICULARLY IN CATASTROPHE EXPOSED LINES​.‍HAVE RECORDED A NET LOSS ACROSS OUR THREE PLATFORMS FROM THESE EVENTS OF $165.0 MILLION​.EXPECT TO PUT ALL OF OUR CAPITAL TO WORK TO TAKE ADVANTAGE OF IMPROVING MARKET CONDITIONS, WE WILL CONTINUE TO PAY ORDINARY DIVIDEND​.  Full Article

Lancashire estimates losses from US, Mexico hurricanes at $106-$212 mln
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Lancashire Holdings Ltd :‍Hurricanes Harvey, Irma and Maria and Mexican earthquakes - Lancashire group preliminary loss estimate​.‍Aggregate estimated net ultimate losses for these events is expected to be in a range of $106 million to $212 million​.‍This estimate falls well within company's modelled loss ranges for these types of catastrophe events.​.  Full Article

UPDATE 1-Insurer Hiscox's Q1 premiums rise on higher rates

May 7 Hiscox Ltd reported higher gross written premiums for the first quarter as the Lloyd's of London insurer saw rates improving in the London market, although it said the region was hit by higher frequency of property losses.