Start up Lancashire warns over property and marine pricing after January renewals
Insurance start up Lancashire this morning reported better than expected trading in the January renewals. However, while Lancashire noted this was the case for retrocession and energy classes, it added marine excess of loss and the property catastrophe treaty market are not adequately priced at this time.
In a statement it said: "Leading into the renewal season, Lancashire was anticipating significant upward pricing adjustments and improved terms and conditions.
"This has been borne out, with overall
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