lancashire holdings

Specialty insurance and reinsurance group Lancashire Holdings continued to grow in the first half of 2023 on the back of strong growth last year, with gross premiums written (GPW) up more than 26% to almost $1.2 billion on the back of expansion in property business amid substantial rate increases.

Although Lancashire Holdings did engage with insurance-linked securities (ILS) investors at the late and complex January 1st, 2023, reinsurance renewals, the specialty re/insurer decided against raising new funds at its third-party capital collateralised reinsurance underwriting arm, Lancashire Capital Management Limited (LCM).

Lancashire Holdings, the specialty insurance and reinsurance group, continued its strong growth trajectory in 2022 with a 35% rise in gross written premiums (GWP), but while the firm’s underwriting performance improved, losses had an impact on its third-party capital management business.

Hardening of property catastrophe reinsurance rates is expected to continue through this year and into 2023, according to Alex Maloney, CEO of specialty insurance and reinsurance group Lancashire Holdings.

Specialty insurance and reinsurance group Lancashire Holdings continued to grow into the firming marketplace during the first-half of 2022 and delivered strong underwriting results across the business, although its third-party capital management underwriting fees and profit commission declined.

Specialty insurance and reinsurance group Lancashire Holdings continued to grow strongly during the first-quarter of 2022, adding almost 35% in gross premiums written and also revealing a lower than anticipated ultimate net loss exposure to the ongoing conflict in Ukraine.

Specialty insurance and reinsurance group Lancashire Holdings continued its story of expansion through full-year 2021, reporting a doubling in the size of its property and casualty reinsurance book over the course of the year.

Paul Gregory, the Group Chief Underwriting Officer of specialty insurance and reinsurance group Lancashire Holdings, is stepping in to become interim CEO of the firms Lancashire Capital Management unit, as Darren Redhead will depart the firm in 2022.

Specialty insurance and reinsurance group Lancashire Holdings reported that its property and casualty reinsurance book grew by 85% across the first nine-months of 2021, as the company deployed more capital and took advantage of a stronger rate environment.

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, has raised capital around the mid-year at a similar level to the prior year.