lancashire holdings

Staying relevant is a running theme and constant topic of discussion in the currently challenging reinsurance market, but relevance isn’t just about market capital and scale, according to Lancashire Group’s senior executives.

Specialty insurance and reinsurance company Lancashire Holdings reported an increase in pre-tax profits this morning, and growing contribution from third-party capital at Kinesis, despite the “pressures” in reinsurance and retrocession markets.

Specialty insurance and reinsurance company Lancashire Holdings expects to see increasing demand for products from its third-party reinsurance capital unit Kinesis Capital Management at the January renewals and beyond.

Specialty insurance and reinsurance company Lancashire Holdings reported a growing contribution from its third-party reinsurance capital unit Kinesis Capital Management this morning, as its share of Kinesis’ profits and corresponding fee income grew.

The pressure on reinsurance pricing persists, as overcapacity both from new capital and traditional reinsurers remains a feature of the market, leading to an expectation that aggressive renewal targets may be seen later this year, according to Lancashire CEO Maloney.

Kinesis Capital Management, the third-party reinsurance capital management unit of specialty re/insurance group Lancashire Holdings, has executed its mid-year draw, raising an additional $50m of capital from investors for collateralized renewal underwriting.

Specialty insurance and reinsurance company Lancashire Holdings Limited reported lower first-quarter profits this morning, but premiums written were up significantly and the firm also reported a positive contribution from its third-party capital management activities.

Richard Brindle, the founder and CEO of specialty insurance and reinsurance company Lancashire Holdings Limited is to retire, according to a release. Group Chief Underwriting Officer Alex Maloney will be appointed the new CEO.

During the firms recent earnings call, executives of global specialty insurance and reinsurance provider Lancashire Holdings discussed the firms Kinesis Capital Management third-party reinsurance capital unit and why it is different.

Kinesis Capital Management, the third-party capital management unit of global provider of specialty insurance and reinsurance products Lancashire Holdings, has executed its first ‘special draw’, raising capital from investors for collateralized underwriting.