Lancashire H2 net income drops 25%
Lancashire Holdings, the Bermudian specialist insurer, said that pretax profits for the first half of the year fell 25%, hit by worse-than-expected risk losses in the first half of the year.
Net income for the first six months of the year to end-June to $135.8m from $170.4m the year before.
Combined ratio for the first half of year rose to 66.4% from 52.2% a year ago. Net written premiums
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