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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 →

Lancashire expanding into catastrophe & casualty risks as market hardens

Specialty insurance and reinsurance group Lancashire Holdings is looking to expand its book in the current hard market conditions, with more property catastrophe risk expected to be underwritten and the firms first foray into underwriting casualty lines in 2021. Lancashire CEO Alex Maloney explained recently that market conditions have allowed his read the full article →

Lancashire Capital Management investors have “appetite to go forwards” – Redhead

Discussing the challenges faced in the insurance-linked securities (ILS) market as a result of the Covid-19 pandemic today, Darren Redhead, CEO of Lancashire Capital Management, explained how his unit is relatively insulated from issues related to redemption that some others in the ILS space have faced. Redhead leads the specialist third-party read the full article →

Lancashire Capital Management fee income rises as strategy expands

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, has delivered higher fee income to its parent in the first-half of 2020, as profits of the unit rise alongside its increased assets under management. Lancashire Capital Management grew roughly 20% over read the full article →

Lancashire to raise $365m, citing rapid rate increases & dislocated market

Lancashire Holdings, the specialty insurance and reinsurance group with a third-party capital management platform, is set to raise around $365 million through a share placement, citing opportunities in the currently hardening market environment. Lancashire says that its long-term strategy is to deploy more capital into a “hardening” market and today's market read the full article →

Covid-19 to reduce ILS capacity, trap collateral: Redhead, Lancashire

The impacts of the Covid-19 coronavirus pandemic will be felt broadly across the global reinsurance marketplace, but in the insurance-linked securities (ILS) market the effects may drive a reduction in available ILS capacity and trapping of collateral, Darren Redhead, CEO of Lancashire Capital Management said today. Speaking during the quarterly earnings read the full article →

Lancashire expects continued risk pricing improvements: CEO Maloney

The insurance and reinsurance market looks increasingly disciplined and as a result Lancashire Holdings has taken some opportunities to grow in the first-quarter and expects this discipline to persist, driving further improvements in risk pricing, CEO Alex Maloney said today. Lancashire Holdings reported that it has set up a reserve of read the full article →