Hashtag: #Lancashire

Lancashire Donates $50,000 To Waterstart

Lancashire Donates $50,000 To Waterstart

Lancashire Insurance Group is partnering with Waterstart Bermuda to support the charity’s plans for a sustainable campus and other initiatives on Burt Island. A spokesperson said, “Through the Lancashire Foundation, Lancashire has donated $50,000 to the organisation as part of its community assistance programmes. “Waterstart Bermuda’s... Read more of this article

John Gressier Appointed Non-Executive Director

John Gressier Appointed Non-Executive Director

In a filing with the Bermuda Stock Exchange [BSX], Lancashire Holdings announced the appointment of John [“Jack”] Gressier as a Non-Executive Director, with effect from 26 July 2022. The filing stated: “Mr. Gressier has over thirty years’ experience in the insurance industry having worked since 1986 for BPC Underwriting Agencies, before moving... Read more of this article

AM Best Affirms Credit Ratings Of Lancashire

AM Best Affirms Credit Ratings Of Lancashire

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings of “a+” [Excellent] of Bermuda-based Lancashire Insurance Company Limited and Lancashire Insurance Company [UK] Limited. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” [Good] of the parent company, Lancashire Holdings Limited. The... Read more of this article

AM Best Affirms Credit Ratings Of Lancashire

AM Best Affirms Credit Ratings Of Lancashire

AM Best has affirmed the Financial Strength Rating of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a+” of Lancashire Insurance Company Limited [Bermuda] and Lancashire Insurance Company [UK] Limited, collectively referred to as Lancashire. Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” and the Long-Term... Read more of this article

Whelan To Retire From Lancashire In 2020

Whelan To Retire From Lancashire In 2020

Lancashire Holdings Limited announced that Elaine Whelan, Lancashire’s Group Chief Financial Officer and executive director, and CEO of Lancashire’s Bermudian subsidiary, Lancashire Insurance Company Limited, plans to retire from her roles and the Group during the course of 2020. “Elaine will continue in her role as Group CFO throughout 2019... Read more of this article

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