Lloyd’s of London expects £1.8bn hit from Californian wildfires insurance Lloyd’s of London, the historic insurance market, has reported a 6.5 per cent increase in premiums written for 2024. In a trading update published this morning ahead of its full results, which are set to be released on 20 March 2025, Lloyd’s said gross written premiums increased £55.5bn from £52.1bn in the prior year. Lloyd’s [...]
Lancashire Holdings shares surge to the top of the FTSE 250 after special dividend announced insurance Lloyd’s of London insurer Lancashire Holdings has announced another special dividend in its results for the three months to 30 September. Shares in the company jumped 9.2 per cent in early deals to the top of the FTSE 250 after the results were published. The company reported a nine per cent jump in gross written [...]
Lloyd’s of London insurers Beazley, Hiscox and Lancashire are takeover targets, analysts say Insurance Lloyd's of London insurers are expected to be the subject of takeover interest, analysts have said, following news that foreign rivals are circling London-listed Hiscox.
Insurer Lancashire plans £93m special dividend after swinging to profit March 6, 2024 City-based insurer Lancashire has unveiled a special dividend aiming to award around $119m (£93m) to shareholders after swinging to an annual profit.
Lancashire offset Covid losses with strong investment portfolio February 10, 2021 City-based insurer Lancashire left 2020 “relatively unscathed” as its investment portfolio offset nearly $150m in losses linked to the pandemic and natural catastrophes, the company announced this morning. The Group credits the positive fiscal year to its investment portfolio, which ranges from political risk to AV52 markets. Gross premiums written increased by 15.2 per cent [...]
Lancashire Holdings braves fire and wind to deliver strong result February 14, 2019 Shares in Lancashire Holdings were up nearly five per cent today on strong financial results, despite a natural disaster-triggered fourth quarter loss. The Ftse 250 insurer boosted profit before tax to £33.6m, compared to a loss of £72.9m the previous year, and increased gross written premiums eight per cent to £638.5m, up from £591.6m the previous [...]
Insurer Lancashire sounds losses warning after natural catastrophes October 8, 2018 Lancashire Holdings has warned it is exposed to net losses of up to $75m (£57.41m) after damaging events within its marine portfolio, and damage from a series of natural catastrophes. The insurer expects net losses of $30m from marine events, and of $25m to $45m from exposure to several recent weather events, including hurricane Florence, [...]