Investment strategy to remain defensive.
Lancashire Holdings Ltd has said Hurricanes Gustav and Ike will have a combined net negative impact of about $150 million on its financial results.
The insurer said Hurricane Gustav is expected to contribute less than $5 million to the total estimate. Of the total $150 million impact, about $125 million relates to offshore losses.
Lancashire also said its estimated annualised total investment return is a positive 1.2 percent for the nine months to end-September.
Chief financial officer and chief risk officer Neil McConachie said the company's investment strategy will remain very defensive for the foreseeable future.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
