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Paul Gregory to take on interim CEO role at Lancashire Capital Management

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. It recently came to light that Darren Redhead, the CEO of the firms read the full article →

Lancashire grows P&C reinsurance 85%, catastrophe risk a driver

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. Property catastrophe risk appears to have been one of the areas of specific read the full article →

Lancashire Capital Management (LCM) raises at mid-year again

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. The Lancashire Capital Management team expects to deploy a similar amount of investor capital across full-year 2021 as read the full article →

Lancashire grows P&C Re book 73%, third-party capital income rises

Specialty insurance and reinsurance group Lancashire Holdings has expanded its property and casualty reinsurance book by 73% in the first-half of the year, while income earned from its third-party capital and collateralised reinsurance  activities rose by 122% in the period. Lancashire has been putting newly raised capital to work at renewals read the full article →

Lancashire Capital Management has best portfolio since inception: Redhead

Opportunities in certain areas of reinsurance and retrocession are in some cases the best seen in years, which has helped Lancashire Holdings third-party capital collateralised reinsurance arm write what could be its best portfolio since inception. Lancashire Capital Management (LCM) underwrites a still relatively unique-in-the-market fully collateralised and multi-class reinsurance product, read the full article →

Lancashire near doubles P&C reinsurance premiums written in Q1

Specialty insurance and reinsurance group Lancashire Holdings experienced some of the strongest growth in the firms history in the first-quarter of 2021, nearly doubling its P&C reinsurance premiums written during the period. At the same time, the company has reported that its renewal price index was up at 112% across the read the full article →

Lancashire Capital Management income rises 52% in 2020

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, has reported a 52% increase in fees, profit commissions and profit shares earned in 2020, over the prior year. The factor driving the increased fees earned for managing third-party reinsurance capital at read the full article →

Investors “supportive” but attracting new ones is challenging – Redhead

Investors backing Lancashire Holdings third-party reinsurance and retrocession capital manager Lancashire Capital Management are being "supportive" as the key January renewals approach, according to the units CEO Darren Redhead. Asked about the environment for raising new capital for collateralised or ILS vehicles during the Lancashire Holdings quarterly earnings call last week, read the full article →

Lancashire sees new flows in cat & property as market discipline improves

Lancashire Holdings, the specialty insurance and reinsurance group with a third-party capital management platform, is increasingly seeing new business flows that meet its return requirements across a range of business lines, in particular benefiting from growth across property catastrophe reinsurance, property direct and facultative, the company said this morning. Lancashire believes read the full article →

Did the ILS market grow at the wrong time? – Redhead, Lancashire

Darren Redhead, chief executive of Lancashire Capital Management, acknowledges that four years in a row of trapped collateral, on the back of major natural catastrophes in 2017, 2018 and 2019 and, latterly, the uncertainty stemming from COVID-related claims, does pose a challenge. "Are we too low as a market?" he asked. read the full article →