Lancashire Holdings Ltd declared on Thursday to be on track to publish annual results in line with its forecasts.
The Bermuda-based insurer said its gross premiums written decreased by 6.1% in the first quarter, amounting to USD 668.4 million compared to USD 712.1 million a year ago. ‘Excluding the impact of reinsurance premiums related to the wildfires in California, the underlying decrease in gross premiums written is only 1.2%’, Lancashire specified. Insurance revenue increased by 2.1%, rising from USD 458.9 million to USD 468.6 million. Lancashire stated to have only ‘limited exposure’ to the conflict in the Middle East. Chief Executive Officer Alex Maloney stated: ‘Clearly, the period has been marked by very strong geopolitical volatility, leading to increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and fits perfectly with our risk appetite.’ ‘Lancashire had a positive start to the year 2026, staying true to our fundamental principle of actively managing the cycle. Thanks to this solid first quarter, we are able to deliver results in line with our annual objectives.’ Lancashire’s shares rose 0.6% to 569.50 pence each in London on Thursday morning. By Eric Cunha, Chief Editor at Alliance News Comments and questions at newsroom@alliancenews.com Copyright 2026 Alliance News Ltd. All rights reserved.
