Original investor bought out of Lancashire
Class of 2005 start-up (re)insurer Lancashire has announced that it has bought out one of its founding investors as part of its ongoing $100m share buyback programme.
The firm bought back and cancelled 6,026,925 of its common shares at a price of 354.5p for a total price of $45.1m.
The sellers are funds managed by founding shareholders SAB, which as a result of the
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