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Commercial

Lancashire reports hike in profit to $102.6m

Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.

Schemes let down by insurers on service

Commercial schemes are continuing to grow in popularity, according to MMA, which has found that overall premium in commercial schemes grew by 25%in the first half of this year compared with the same period in 2012.

Haste linked to Direct Line bid

Former RSA chief executive Andy Haste is heading up a private equity consortium including Blackstone, Bain and Advent, with ambitions to bid for Direct Line Group, according to The Daily Telegraph.

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