Lancashire Holdings claims to have only limited exposure to armed conflicts

(Alliance News) – Lancashire Holdings Ltd declared on Thursday to be on track to publish annual results in line with its forecasts.

The Hamilton-based insurer, headquartered in Bermuda, stated that its gross written premiums fell by 6.1% in the first quarter, amounting to USD 668.4 million compared to USD 712.1 million a year earlier.

‘Excluding the impact of reinsurance premiums related to forest fires in California, the underlying decrease in gross written premiums is only 1.2%,’ Lancashire specified.

Insurance revenues increased by 2.1%, rising from USD 458.9 million to USD 468.6 million.

Lancashire asserted to have only ‘limited exposure’ to the conflict in the Middle East.

Chief Executive Officer Alex Maloney stated: ‘Obviously, the period has been marked by very high geopolitical volatility, leading to increased economic uncertainty. Lancashire’s exposure to current events in the Middle East is limited and perfectly aligns with our appetite for risk.’

<p'Lancashire has had a positive start to 2026, remaining true to its fundamental principle of actively managing the cycle. Thanks to this strong 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, editor-in-chief of Alliance News

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