Increased competition takes its toll as Lancashire profits plummet
Lancashire Holdings has seen its profit before tax nosedive by almost $40m (£23.5m) in the opening six months of the year on the 2013 half year figure of $137.2m.
The half year decline stacks up next to a second quarter fall in profits from $58.3m last year to $41.5m in Q2 2014 and comes despite a steady rise in gross written premiums over the course of the
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