3rd Nov 2022 12:00
Lancashire Holdings Ltd - Bermuda-based insurer - Says gross premiums written rose 34% to USD1.30 billion in the first nine months of the year from USD967.7 million a year ago. The increase is mainly due to "new business in the casualty reinsurance and financial lines classes of business", Lancashire explains. Expects a net hit of between USD160 million and USD190 million from Hurricane Ian, which is within its expectations for such an event. The storm caused widespread damage in Florida in late September. Read More
