Hashtag: #Lancashire

Lancashire Appoint James Irvine & Ben Readdy

Lancashire Appoint James Irvine & Ben Readdy

Lancashire Holdings Limited [LHL] announced the appointment of James Irvine as the Chief Underwriting Officer for Lancashire Insurance Company Limited in Bermuda [LICL] with effect from 1 October 2018, subject to immigration and regulatory approvals. LHL also announced the appointment of Ben Readdy as the Group Chief Actuary for LHL with effect from... Read more of this article

Lancashire Senior Underwriting Promotions

Lancashire Senior Underwriting Promotions

Lancashire Holdings Limited [LHL] announced three internal senior underwriting promotions. James Irvine is to be appointed as the Deputy Chief Underwriting Officer for Lancashire Insurance Company Limited in Bermuda [LICL] with effect from 1 September 2017, subject to immigration approval, In addition, James Flude is to be appointed as the Deputy Chief... Read more of this article

Lancashire Holdings Own Shares Transaction

Lancashire Holdings Own Shares Transaction

Bermuda-based Lancashire Holdings Limited announced that on 9 September 2014, it purchased 88,439 Common Shares at a price of 611.00 pence per share [approximately $9.84 per share at the current exchange rate]. The lowest price and the highest price paid for these shares were 607.5 pence and 613.0 pence, respectively. All the purchased shares will be... Read more of this article

Lancashire Makes $15,000 Donation To BFIS

Lancashire Makes $15,000 Donation To BFIS

The Bermuda Foundation For Insurance Studies [BFIS] received an early Christmas present in the form of a donation of $15,000 from Bermuda-based insurance company Lancashire. John Ringold, Lancashire’s Bermuda Operations Manager said, “We are delighted to be able to make this contribution to support the excellent work that BFIS does in supporting... Read more of this article

Lancashire Agrees To Acquire Cathedral Capital

Lancashire Agrees To Acquire Cathedral Capital

Bermuda-based Lancashire Holdings Limited has entered into conditional agreements to acquire the entire issued and to be issued share capital of Cathedral Capital Limited, a privately owned Lloyd’s insurer, from Alchemy Partners and Cathedral management, together with loan notes issued by Cathedral’s subsidiary, Cathedral Capital [Investments] Limited... Read more of this article

Marsan Appointed To Lancashire Capital Post

Marsan Appointed To Lancashire Capital Post

Lancashire Holdings Limited today [June 4] announced the appointment of Mathieu Marsan as Portfolio Manager & Actuary of the Bermuda-based Lancashire Capital Management [LCM] division. Mr. Marsan has more than 13 years of insurance and investment experience, having previously spent the last 6 years with Pentelia Capital Management [Bermuda]Ltd.,... Read more of this article

Credit Suisse: Reinsurance Earning Estimates

Credit Suisse: Reinsurance Earning Estimates

Following discussions with nine reinsurers in Bermuda earlier this week, analysts at Credit Suisse find no reason to believe the growth trajectory of insurance-linked-securities reinsurance structures and the subsequent pressure it puts on pricing will dissipate for the foreseeable future. In a research not issued to investors on Friday, Credit Suisse... Read more of this article

Lancashire Launches $250M Saltire Facility

Lancashire Launches $250M Saltire Facility

Bermuda-based Lancashire Holdings Limited will shortly launch Saltire Re I Limited, a fully collateralised Bermuda incorporated special purpose insurer. Saltire Re I will have capacity of up to US$250 million and the share capital will be owned by a syndicate of investors. Lancashire itself will invest approximately $33 million in Saltire Re I. Saltire... Read more of this article

Lancashire To Issue First Quarter Results

Lancashire To Issue First Quarter Results

Bermuda-based Lancashire Holdings Limited today [Mar.23] announced it will be releasing its 2012 first quarter results at 7:00am UK time on Friday, May 4 and hosting an analyst and investor conference call at 1:00pm UK time/8:00 am Eastern Time on  May 4. The conference call will be hosted by Lancashire management. The call can be accessed by dialling... Read more of this article

Lancashire Holdings: UK Treasury Stock

Lancashire Holdings: UK Treasury Stock

In accordance with London Stock Exchange Listing Rule 12.6.4, Bermuda reinsurer Lancashire Holdings Limited yesterday [Mar.9] announced it received confirmation that the transfer of 163,648 common shares from the UK Treasury took place to satisfy an exercise of warrants at an exercise price of US $5.00. The transfer of up to 10,948,445 common shares... Read more of this article

Lancashire Ratings Not Hit By Departure

Lancashire Ratings Not Hit By Departure

Standard & Poor’s Ratings Services said yesterday [Feb.23] that its ratings on Bermuda-based Lancashire Holdings Ltd. [A-/Stable] and its operating subsidiaries are not affected by the announcement of the departure of the president, which will be effective at the end of 2012. Neil McConachie [pictured] intends to serve as a nonexecutive director... Read more of this article

Lancashire ‘Cautiously Optimistic’

Lancashire ‘Cautiously Optimistic’

Bermuda-based insurance underwriter Lancashire Holdings survived one of the most difficult years ever for the insurance industry in 2011 and is “cautiously optimistic” about its prospects in 2012. Lancashire Holdings operates in Bermuda, London and Dubai and is listed on the London Stock Exchange. The company, a constituent of the FTSE 250... Read more of this article

Bank: Lancashire Exposed To Ship Disaster

Bank: Lancashire Exposed To Ship Disaster

Bermuda-based Lancashire Holdings Ltd. will likely post a $20 million to $30 million loss from the grounding of the cruise ship “Costa Concordia” off the coast of Italy this month, analysts at a British bank said yesterday [Jan. 23]. London-based investment bank Jefferies International Ltd. said it believed the disaster could result in insured... Read more of this article