Lancashire Holdings Trading Statement for Q1 2024

Lancashire Holdings issued a Trading Statement for Q1 2024

Click here for a full copy on Lancashire's website

Key points:

• Gross premiums up 7.8% over same period of 2023
• Group's Renewal Price Index of 104%

Reinsurance account saw the largest increase in premiums and better rates particularly in property except for casualty reinsurance where their rate index is flat.

The insurance account also grew and property was the best area.

Combined ratio for the full year (assuming an average loss year) of mid-80% range.

The Baltimore Bridge event: "our potential exposure will be within our expectations for an event of this type."

In conclusion, Lancashire sees it as an attractive rating environment which they hope to continue growing into and taking advantage of the stronger market conditions.