Lancashire boss in no doubt "the market has turned"
Lancashire has reported a net operating loss of $105.7m ($119.4m after tax) for the third quarter of 2008.
During the same period it recorded gross written premiums of $124.6m, net written premiums of $120.3m, a loss ratio of 152.5% and a combined ratio of 178.2%.
For the nine months to 30 September 2008
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