Hashtag: #Lancashire
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
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
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
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
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
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
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
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’
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
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
Island Could Benefit From Cat Bond Boom
Interest in the re/insurance industry’s use of insurance-linked securities to spread its risk of exposure to global catastrophes continues to grow and Bermuda could benefit from this resurgence, business magazine “Financial News” reports today [Nov. 6]. Through insurance-linked securities, insurance risk is transferred in a capital markets... Read more of this article
Lancashire’s Net Operating Profits Fall
Bermuda insurer Lancashire today [Nov.4] posted net operating profits of $87.7 million for the three months to the end of September — down from $97.4 million last time. Gross premiums written rose to $142.9m from $135.0m but net premiums written fell slightly to $133.6m from $134.0m. Richard Brindle, Group Chief Executive Officer, commented: ”Lancashire... Read more of this article
