Lancashire Holdings and its wholly owned subsidiary Lancashire Insurance Company have entered into a $350m three-year letter of credit facility.
The letters of credit will be used to support obligations under reinsurance liabilities of Lancashire Insurance Company.
The facility also has a $75m sub-limit for revolving loans which will be used for working capital and other corporate purposes.
Neil McConachie, chief financial officer and chief operating officer, said: “We are very pleased to have these leading financial institutions showing their support for the Lancashire group.
"This facility boosts the long-term financial flexibility and strength we have committed to our clients.”
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.
