Lancashire Insurance
Lancashire Holdings reports unchanged return on equity despite a 'turbulent' 2016
Bermuda insurer Lancashire Holdings reported unchanged return on equity despite a ‘turbulent’ 2016 but has predicted difficulties within the market for the foreseeable future.
Swinton Insurance unveils concept branch in Preston to provide great flexibility
Swinton Insurance has unveiled a new concept branch in Preston, Lancashire, following a wide-ranging strategic review of the business.
Lancashire's Maloney to lead subsidiary Cathedral Capital
Lancashire Group CEO Alex Maloney is to take on the CEO role at Lancashire subsidiary Cathedral Capital, the holding company for Cathedral Group.
Continuing soft rating environment reflected in London market results
Full-year results released by London market players to date are reflective of the continuing soft rating environment and companies' reserve releasing strategies, according to analysts. In addition, questions have been raised over whether inflated company…
Lancashire reports GWP and profit fall for 2015
Lloyd's insurer Lancashire Holdings has reported a 29% decline in gross written premiums for the 12 months ended 31 December 2015, as net operating profit dropped to $173.4m (£121.1m) from $231.9m in 2014.
Lancashire chairman Thomas to step down
Lancashire Holdings chairman and director Martin Thomas is to step down from both positions following the company's annual general meeting on 4 May.
Cathedral CEO and CFO exit Lancashire
Lancashire Holdings has announced the forthcoming departures of Cathedral Capital CEO Peter Scales and chief financial officer John Lynch on 31 March 2016.
Lancashire sees GWP drop 20.8% in Q3
Lloyd's insurer Lancashire reported a 20.8% decrease in gross written premiums in the third quarter of 2015 to $120.4m (£78m) (Q3 2014: $152.1m).
Editor's Comment: The era of mega deals
This year’s trend for mega merger and acquisition deals continued last week when Japanese insurer Mitsui Sumitomo agreed a deal to acquire Amlin for £3.47bn – more than twice its tangible book value, subject to approval – while in the broking sector…
Results round-up: H1 2015
Its results season again, and here at Post we have put together a single source of information to make finding the results from this half of 2015 a little easier.
Lancashire pledges to work hard as COR and GWP deteriorate
Lancashire Holdings has reported a combined ratio of 78.2% in the second quarter of 2015 and a year-to-date COR of 75.1%, with both results representing deterioration on the insurer's 2014 performance.
Fidelis picks Sequel as software provider
New market entrant Fidelis has chosen software company Sequel to provide it with a range of underwriting, claims and risk exposure solutions.
Industry experts question Brindle's call to arms following Fidelis launch
Capital raising-ability and difficulties in obtaining a credit rating have been cited as barriers to other insurance companies emulating the business model employed by Richard Brindle's new $1.5bn (£964m) start-up Fidelis.
Blog: Five recent insurance industry comebacks
While many insurance workers claim to have "fallen" into the industry there seems to be a strange magnetism that draws people back after bidding the sector farewell.
Fidelis model could usher in era of 'responsible underwriting', says Brindle
The business model pioneered by new insurance start-up Fidelis could stoke a move towards more “responsible underwriting”, according to CEO and chief underwriting officer Richard Brindle.
$1.5bn Fidelis aims to shake-up global (re)insurance market
Bermuda-based new entrant Fidelis is aiming to provide significant competition in the global (re)insurance sector after a significant investment.
Lancashire looks internally for CRO appointment
Lancashire Holdings has appointed group internal audit head Louise Wells as its group chief risk officer, effective 28 July.
Cathedral leads consortia for Germanwings A320 war policy
Lancashire-owned Cathedral is leading the consortia on the Lufthansa war policy for the Germanwings Airbus A320 plane that crashed in France on 24 March.
Novae tipped as next listed player to be sold as Lloyd's consolidation hots up
Pressure on profitability in the Lloyd’s market has been cited among the main drivers for consolidation by analysts, with Novae tipped to become the latest listed player to be snapped up.
Market Moves - 19 February 2015
All the latest job moves in the insurance market.
Lancashire reports 33.5% jump in 2014 GWP
Lancashire Holdings has reported a 33.5% boost in gross written premiums for the year ended 31 December 2014 to $907.6m (£595m) from $679.7m in 2013.