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Lancashire Holdings Ltd (LRE.L)

LRE.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hurricane Dorian Devastation In Bahamas Could Cost $7 bln- KCC
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - KCC: :PRELIMINARY ESTIMATE OF TOTAL (INSURED AND UNINSURED) LOSSES IN THE BAHAMAS FROM STORM DORIAN IS $7 BILLION.KCC- PRELIMINARY ESTIMATE INCLUDES BUILDING, CONTENTS, AND BUSINESS INTERRUPTION EXPOSURES FOR COMMERCIAL, RESIDENTIAL AND INDUSTRIAL PROPERTIES.  Full Article

Lancashire HY Gross Premiums Written Up 9.5% Compared To Same Period In 2018
Thursday, 25 Jul 2019 

July 25 (Reuters) - Lancashire Holdings Ltd ::LANCASHIRE HOLDINGS LTD - ULTIMATE NET LOSS ESTIMATES FOR 2018 AND 2017 CATASTROPHE EVENTS HAVE REMAINED LARGELY STABLE.LANCASHIRE HOLDINGS LTD - LOOKING AHEAD, RECENT EVIDENCE OF BETTER MARKET DISCIPLINE AND PRICING WILL TAKE TIME TO FEED THROUGH TO OUR BOTTOM LINE.LANCASHIRE HOLDINGS LTD - GROSS PREMIUMS WRITTEN INCREASED BY 9.5% IN FIRST SIX MONTHS OF 2019 COMPARED TO SAME PERIOD IN 2018.LANCASHIRE HOLDINGS LTD - S NET LOSS RATIO FOR FIRST SIX MONTHS OF 2019 WAS 34.5% COMPARED TO 15.1% FOR SAME PERIOD IN 2018.  Full Article

Lancashire Says CFO Elaine Whelan Plans To Retire From Her Roles & Group During Course Of 2020
Friday, 24 May 2019 

May 24 (Reuters) - Lancashire Holdings Ltd ::GROUP CFO'S RETIREMENT PLANS AND SUCCESSION PLANNING.ELAINE WHELAN, LANCASHIRE'S GROUP CHIEF FINANCIAL OFFICER PLANS TO RETIRE FROM HER ROLES AND GROUP DURING COURSE OF 2020..ELAINE WILL CONTINUE IN HER ROLE AS GROUP CFO THROUGHOUT 2019 AND 2019 FINANCIAL YEAR END PROCESS.WILL BE CONDUCTING A PROCESS TO IDENTIFY SUCCESSOR GROUP CFO.ELAINE WILL CONTINUE IN HER ROLE AS GROUP CFO THROUGHOUT 2019 AND 2019 FINANCIAL YEAR END PROCESS.  Full Article

Average Global Insurance Pricing Rose In Q4 For The First Time Since 2013- Marsh
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Marsh:MARSH- AVERAGE GLOBAL INSURANCE PRICING INCREASED IN Q4 2017 FOR THE FIRST TIME SINCE Q1 2013.MARSH- PRICE RISE DRIVEN LARGELY BY GLOBAL PROPERTY INSURANCE PRICING, AFFECTED BY LARGE CATASTROPHE LOSSES IN Q3.MARSH- AVERAGE COMMERCIAL INSURANCE PRICING INCREASED BY 0.8% IN Q4 2017, COMPARED TO A DECREASE OF 1.9% IN Q3 2017.MARSH- GLOBALLY, PROPERTY INSURANCE PRICING INCREASED 3.2% IN Q4 2017, COMPARED TO A 2.4% DECREASE IN THE PREVIOUS QUARTER.MARSH- REGIONALLY, AVERAGE INSURANCE PRICING INCREASED IN THE UK, LATIN AMERICA AND AUSTRALIA IN Q4 2017.MARSH- US CYBER INSURANCE PRICING INCREASED FOR THE FIRST TIME IN Q4 2017 SINCE Q4 2016.MARSH- AVERAGE INSURANCE PRICING DECREASED IN THE US, CONTINENTAL EUROPE, AND ASIA.  Full Article

Lancashire Says Q4 Gross Premiums Written Decreased By 29.1%
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Lancashire Holdings Ltd ::FINAL DIVIDEND 0.10 USD PER SHARE.‍GROSS PREMIUMS WRITTEN DECREASED BY 29.1% IN Q4 OF 2017 COMPARED TO SAME PERIOD IN 2016​.NET PREMIUMS EARNED AS A PROPORTION OF NET PREMIUMS WRITTEN WAS 179.5% IN Q4 OF 2017 COMPARED TO 145.5% FOR SAME PERIOD IN 2016​.‍INTERIM DIVIDEND OF $0.05 PER COMMON SHARE​.‍DECLARED A FINAL DIVIDEND FOR 2017 OF $0.10 PER COMMON SHARE​.‍FULLY CONVERTED BOOK VALUE PER SHARE OF $5.48 AS AT 31 DECEMBER 2017​.EXPECT 2018 TO BE ANOTHER CHALLENGING YEAR FOR OUR INDUSTRY- CEO.  Full Article

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

UPDATE 1-Insurer Lancashire benefits from fewer claims, higher pricing

May 2 Lancashire Holdings Ltd's gross written premiums held steady in the first quarter as the property and casualty insurer paid out fewer claims and benefited from a pickup in insurance prices.