Lloyds TSB provides $200m bi-lateral two-year credit facility
Lancashire Holdings has said that it and its wholly owned subsidiary Lancashire Insurance Company Limited have entered into a $200m bi-lateral two-year letter of credit facility with Lloyds TSB Bank.
The letters of credit will be used to support obligations under reinsurance liabilities of Lancashire Insurance Company Limited.
Denise O'Donoghue, corporate finance officer, said: "We are very pleased to have the support of Lloyds TSB, a leading financial institution, for the Lancashire group. This facility boosts the long-term financial flexibility and strength we have committed to our clients."
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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.
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