Lancashire Holdings Ratings Upgraded By S&P
Lancashire Holdings Limited announced that S&P Global Ratings has upgraded its long-term issuer credit and financial strength ratings for the Company’s core [re]insurance subsidiaries from ‘A-’ to ‘A’.
A spokesperson said, “Lancashire Holdings Limited announces that S&P Global Ratings [S&P] has raised its long-term issuer credit and financial strength ratings on the Company’s core [re]insurance operating subsidiaries to ‘A’ from ‘A-’.
“It has also raised its long-term issuer credit rating on the Company to ‘BBB+’ from ‘BBB’. The outlook is stable.
“Announcing the ratings action, S&P said Lancashire continues to strengthen its competitive position through broader product offerings, an expanded geographic footprint, and growth in less‑volatile lines.
“It said these developments have improved portfolio resilience and earnings quality, enhancing the Company’s ability to absorb losses through earnings.
“It added that the stable outlook reflects S&P’s expectations that Lancashire will sustain improved operating earnings while effectively executing its diversification strategy. It also expects that the Company’s strong enterprise risk management framework will keep pace with its expansion into new business lines and regions.”
