Lancashire approves repurchase programme
Lancashire Holdings has approved a share repurchase programme after announcing its results for the three month period ending 31 March 2008.
The company reported a net income after tax of $84.6m with a return on equity of 5%. Net written premiums have so far amounted to $141.9m, with a loss ratio of 38.9% and a combined ratio of 61.2%.
Lan
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