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United Kingdom

Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Lancashire half-year pretax profit falls
Wednesday, 27 Jul 2016 

Lancashire Holdings Ltd : Profit before tax $56.6 million for half year . Interim dividend 0.05 usdper share . Combined ratio of 80.6 pct in Q2 2016, 76.2 pct year to date . Return on equity Q2 3.2 pct . Return on equity YTD 7.1 pct .Gross premiums written increased by 11.4 pct in Q2 of 2016 compared to same period in 2015.  Full Article

UPDATE 1-Insurer Beazley writes 10 pct more premiums in Q1

May 10 Lloyd's of London insurer Beazley Plc posted a 10 percent year-on-year rise in gross written premiums in the first quarter, as a surge in property insurance added to robust growth of its main professional liability business.