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 Insurance 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 Lancashire offset Covid losses with strong investment portfolio 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, [...]