Lloyd's presence adds 50% to Lancashire GWP in Q1 as new CEO steps up
Lancashire Holdings recorded a combined operating ratio of 66.4% in the first quarter of 2014 (Q1 2013: 51.2%) as no major losses were added to a late reported energy claim that adversely impacted the firm’s full year results.
The specialist insurer chalked up gross written premium of $316.7m (£187.6m) in Q1 (2013 Q1: $214.9m), however, profit before tax slid to $57.4m (Q 2013: $78.9m) as the firm's net loss ratio
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