lancashire holdings

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.

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.

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 Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings, grew roughly 20% during 2019, to enter the 2020 renewal season with somewhere north of an estimated $600 million of limit available to deploy.

Lancashire Capital Management Limited, the third-party capital collateralised reinsurance underwriting arm of specialty insurance and reinsurance group Lancashire Holdings Limited, expects to deliver an impressive mid-teen return to its investors from its investment strategy for 2019.

Specialty insurance and reinsurance group Lancashire Holdings Limited has benefited from higher fees within its now rebranded third-party capital collateralised reinsurance underwriting arm Lancashire Capital Management Limited, a reflection of increasing assets under management.

Kinesis, the soon to be re-branded collateralised reinsurance offering of specialty insurance and reinsurance group Lancashire Holdings Limited, has been re-engineered in response to recent catastrophe activity and sees opportunities for 2020 given expectations on market conditions.

Specialty insurance and reinsurance group Lancashire Holdings Limited has continued to seek out profitable growth in a firming market and believes the rate improvements will continue into 2020, as the market shows increasing levels of discipline.

Kinesis Capital Management, the collateralized retrocessional reinsurance unit of specialty re/insurer Lancashire Holdings Limited, has continued to grow its assets under management, taking advantage of opportunities to deploy more limits in the second-quarter.

Lancashire Holdings is “encouraged” by the evidence of improvements in discipline and pricing across the insurance and reinsurance market, according to its CEO Alex Maloney.