Lancashire Insurance
Buy Beazley/Lancashire, says adviser
Adviser Collins Stewart says despite Lloyd’s poor results it recommend buying shares in Beazley and Lancashire but issued warnings about Amlin and Hardy.
£2m "crash for cash" scam brothers jailed
Two Lancashire brothers who pocketed almost £2m between them from a “crash for cash” scam have been jailed.
Shareholders back Lancashire UK move
At a special general meeting yesterday shareholders of Lancashire approved the company’s plans to shift its tax residence to the UK from Bermuda.
Join Allianz, Groupama, BMS, Novae, SSP, CII and Lancashire in signing up for the Insurance Cup
With the football leagues in England and Scotland now underway, there has never been a better time to think about dusting off the boots and signing up for The Prince's Trust Insurance Cup.
Editor's comment: The wheels of industry
The schools may be out for summer and European business fast grinding to a halt as workers decamp to the coast but it's good to see the wheels of British commerce continue to turn, albeit at a rather less than frenetic pace.
Lancashire to redomicile from Bermuda to the UK
Lancashire Holdings today announced that it plans to move to UK tax residency.
Lancashire unveils new $250m reinsurance vehicle
Lancashire Holdings has today announced that it will launch Accordion Reinsurance, a fully collateralised side car quota share reinsurance arrangement with what it describes as "an innovative capital draw down feature".
Lancashire reduces property and energy exposure in Q3 results
Lancashire Holdings has seen an increase in gross written premium for the nine months ended 30 September 2010 to $595.1 m (Q3: $524.4 m).
Top 100 UK insurers - 2009
AM Best's top 100 insurer rankings in full, according to Financial Services Authority returns for 2009.
Top line discipline "encouraging"
Reinsurers are showing promising signs of rate discipline, according to Equity analysts at Jefferies Research.
Lancashire shrinks property book by 35.4% in Q2 2010 results
Lancashire Holdings this morning reported a fall in gross written premium, net written premium and net operating profit to $232.1m in the first half of 2010 to $232.1m (H1 2009: $241.9m), $218m (H1 2009: $238.7m) and $77.8m (H1 2009: $103.3m)…
Police arrest three in ‘cash for crash’ raids
Three men have been arrested in the Lancashire area as part of an ongoing investigation into ‘cash for crash’ activity.
IFB heralds Burnley fraud ring success
The Insurance Fraud Bureau and Lancashire Police have convicted a fraud ring targeting insurers in Burnley.
Energy - Deepwater Horizon impact: In deep water?
Stephanie Denton reports on the fallout for the energy market from the recent Deepwater Horizon drilling platform explosion.
Lancashire Holdings upgraded by S&P
Ratings of A- and BBB awarded with stable outlook
Lancashire suffers Q1 profit slide
Speciality underwriter Lancashire holdings has reported net post tax profit of $8.2m (£5.4m) for the first quarter of 2010 – a fall of almost 80% on $40.7m profit of Q1 2009, partially impacted by the Deepwater Horizon incident.
Deepwater Horizon oil rig continues leaking oil as claims rise
Owner BP expects its self-insurance and captive insurance to cover costs associated with a massive clean-up effort, which has been said to be costing $6m a day.
Lancashire enters $200m credit facility
Lancashire Insurance Company has entered into a $200m bi-lateral two year letter of credit facility with Lloyds TSB Bank.
Bermuda insurers on slip for US oil rig explosion - sources
Ace, Axis Capital and Lancashire are all on the slip for the US oil rig which exploded in Louisiana earlier this week, according to Reinsurance sources.
Lloyd's FD: Solvency II no bar to new entrants
Lloyd's has stressed that it has no plans to batten down the hatches and stop admitting new members as the deadline for Solvency II approaches.
Lancashire: no material exposure to Xynthia
Lancashire Holdings today announced that it estimates its net losses before tax from the earthquake in Chile and subsequent aftershocks range from approximately US$65m to US$125m including the sum of gross claims and claims expenses, reinsurance…
Lancashire net profits rise despite fall in premiums
Lancashire's net profits rose in the fourth quarter and in 2009 despite a fall in gross written premiums during the periods.
Reinsurance launches the Bermuda Reinsurance Club
The first half day seminar to be held in Bermuda on March 17th
Garratts launches new Lancaster office
Garratts is launching a new office in Lancaster to provide corporate insurance and risk management services to clients in Lancaster, North Lancashire and Cumbria.