Lancashire Holdings Ltd (LON:LRE)

Financial

Lancashire Holdings is a Bermuda-based insurance company. It operates in Bermuda and London. It was founded in 2005 as an alternative investment market and is headquartered in Hamilton, Bermuda. It is publicly listed on the London Stock Exchange since 2009. It is also a part of the FTSE 250 index. Lancashire insurance company, Lancashire management Services (Canada) and Lancashire Insurance Marketing Services Limited are the subsidiaries of the company.

The primary activity of the company, with the support of its subsidiaries, is to provide global specialty insurance and reinsurance products. The majority of business is insurance rather than reinsurance. The company operates through various segments, like property, marine, aviation, energy and Lloyd’s. Lancashire underwrites a substantial part of the group’s portfolio as insurance as well as reinsurance contracts across the globe. These contracts are used to transfer various kinds of insurance risks, including both man-made and natural catastrophes. The platforms used by the company for their insurance operations are rated insurers, Lloyd’s and collateralized security. The property reinsurance covers property catastrophe excess of loss, property per risk excess of loss and property retrocession line of business. Natural catastrophes are also given due coverage, like hurricanes, earthquakes and floods.

Lancashire Insurance Company (UK) Limited writes mostly direct insurance with a leading presence in the energy, terrorism, political risk, marine hull and AV52 markets from London. On the other hand, Lancashire Insurance Company Limited (Bermuda) is involved in the acceptance of larger risks, both on its own account as well as a reinsurer of the direct writers in the Group at Lancashire Insurance Company (UK) Limited and Lancashire Syndicates Limited. The goal of the company is to minimize the risks and maximize the returns for all stakeholders through effective balancing strategies. As a short-tail specialty insurer, risk management is key to the company’s business model.

The company follows a well-defined framework of corporate governance and measures its corporate governance compliance against the requirements of the UK Governance Code. The company fulfils all its corporate social responsibilities through Lancashire Foundation, which is funded by donations and supports various charities to help the socially disadvantaged people. The company also aligns with the Modern Slavery Act, 2015. The group is strongly committed to giving back to the communities in which it operates. The group also focuses on reducing its environmental footprint and fight the menace of climate change by reducing paper use, business travel, energy use etc. The Company has offset its carbon emissions through an organized programme with EcoAct. The Group is carbon neutral and is dedicated to exploring initiatives that ensure limited emissions, and positively managing their footprint.

Contact Information

company address Power House, 7 Par-La-Ville Road HM 11 Bermuda

company phone+44.20.72644000

company websitehttps://www.lancashiregroup.com/

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